Perhaps Dixon should also be asked why QANTAS put the value of shares at the price of $4.20
The institution does not (market) value it's shares, the market determines the share price. The market didn't react kindly to Qantas borrowing $600 million but that's OK because next week the market may consider it a good decision. QAN shares will go through the $5 barrier and Dixon will secure another couple of million dollars in his end of year bonus!
I believe QAN is a good buy at the moment and if you are in for the long haul (no pun intended) they will realise their full potential over the next 12 months.