A quick check tells you that S&P are not inside the tent with the 'approved' analysts. You know the ones that get 'special briefings'
"Since its financial turnaround in fiscal 2015, Qantas has used surplus capital to fund shareholder returns rather than to grow invested capital.
"We do not view this as sustainable."
As we stated repeatedly nearly $1.75 billion was blown lining their own pockets with curiously timed option vesting dates.
Whilst the tide hasn't yet receded sufficiently to see how naked the little fellow swam, it has turned.
Declining international yields, rising jet fuel prices....
One may postulate that the
short side open interest may rise in the near term if Qantas don't succeed in getting stories like this pulled from mainstream papers with advertising spend..
Nero and Rome