QAN 0.16% $6.21 qantas airways limited

Contrarian view? This has just melted up with the rest of the...

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    Contrarian view? This has just melted up with the rest of the equity bubble.

    $QAN is now at record high market cap having sold its land in Mascot and now without any tangible assets remaining on its balance sheet apart from a very delapidated fleet leading to a negative book value and damaged brand. Couple that with inflationary pressures and higher interest rates and geopolitical tensions and competition stepping up in Australia. But, sure, the market simply undervalued $QAN in years past and is correct in valuing this now LOL
 
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