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QAN $5.90

qantas a bull

  1. arthur

    7,397 posts.
    Here is a report for the QAN fans


    Bulls and Bears
    Ron Marney | The Age
    BULL
    Qantas (QAN, $3.90) OUTPERFORM
    Gary Suckling, a financial consultant with Salomon Smith Barney Private, says SSBP believes Qantas is one of the best positioned airlines in the world. "We believe it should be trading closer to $5.20, which is about a market multiple of 14 times 2003 earnings," he says. He says this is because of Qantas' unique market position, quality management, the rationalisation of the Australian market and the possibility of it taking a stake in Air New Zealand. Mr Suckling says SSBP rates Qantas a "high-risk" investment. For disclosures about this company, visit www.ssbaccess.com.au

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