Tomorrows budget might give the SP a kick along with the frequent flyer points being axed for government travel, we should see more of this business head VBA's way and hopefully a market share increase of domestic travel.
John Borghetti should be able to shake up some more synergies with his substantial experience and contacts in the industry, combined with the V-Australia expansion this is a very exciting time for the company.
I think we'll see some bumpy SP growth into the 70-80's until interest rates go up and the personal debt to GDP ratio comes out of the closet to rear its ugly head, probably followed by the banks failing etc. Might put a dampener on the tourism and airline sectors.
Also we can't ignore the worst oil spill ever in the US and the potential for oil to hit $120+ a barrel again.
If we can avoid the oil or interest rate bullets I'll be a lot more optimistic on a $1.20 SP again.
dyor, use stops, etc.
VBA Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
