Hi Deeds,
Either way, I think this company is a slow sinking ship! I give it 12-18 months and it won't exsist in its current form. Two airline Aus, here we go again.
The company made $215 million last year and is expected to make $100 million this year which includes the capital outlay for a major expansion.
If i were in a company making $100 million i am not so sure that i would be calling it a sinking ship? The share price has tanked because the market, which is already a very nervous one, does not like to hear profit downgrades. Nevertheless, i would think that comments like yours would be more appropriately reserved for when there is $0 profit or an overall loss.
Regards
Ratter
