737Skyrider, you`ve pretty much nailed it. Stocks at an all-time low. Was trading at around NOK40 last year, today it is trading (if anyone is buying
) at NOK2,7
. If you want to buy an airline for peanuts then this is the time. Restructuring is ongoing, but at what pace? There has been some misfortune this last year that you really can`t blame SAS for, i.e. the Spanair disaster, the soaring oil prices and the financial crises. These are some of the things that have made the bubble burst, and since the bubble has been fairly large, it takes a bit longer to completely deflate.
Time will tell.