I have a question for you folks, is VBA a buy? few interesting reasons
1) Business confidence rose in February 2) Foreign ownership has reduced to below 49%, no more dumping on market 3) For the time being Floods/Earthquakes impact is known, uncertainity done with, it is time to take to the skies again 4) VBA may have found a bottom, and may have closed any gaps that were left behind in the run up last year 5) Network strategy is coming along. Delta air deal should be on the horizon - it was suppose to be 60 days from early Jan 2011. Perhaps Julia Gillard maybe lobbying the US government to allow the deal to go through
Thoughts anyone?
VBA Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held