Sale of QF - 'Pump and Dump'
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Join Date: Dec 2006
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Sale of QF - 'Pump and Dump'
The sale of QF to an American Bank is a travesty of great proportions and Australians are rightly so, very upset. QF is a strong global symbol of all that is Australian and something that Aussies are extremely proud of.
Although QF shares haven't done much for a while, sitting around the $3.50 mark, it is a well run business that does OK when one considers the challenges in Aviation today.
Macquarie bank has paid a generous $5.50 per share so the shareholders have done well. Very well! This leaves the flying Kanagroo very vunerable indeed. What they could/probably will do is strip the costs out of the business, load it up with debt and then run another float where they will profit. It's commonly known as 'pump and dump'. This takeover of QF could end up in tears just as poor Ansett did some years ago. Where are Ansett now? Once a profitable and thriving airline that was taken over, stripped and dumped leaving the nation without an important business and the staff with no livihoods. It's a crime!
There should be laws that protect business from greedy preditors that must be held accountable when it all goes pear shaped. Lets hope that our beloved QF is in safe hands!
Opinions please - maybe something a positive is there is one!
Although QF shares haven't done much for a while, sitting around the $3.50 mark, it is a well run business that does OK when one considers the challenges in Aviation today.
Macquarie bank has paid a generous $5.50 per share so the shareholders have done well. Very well! This leaves the flying Kanagroo very vunerable indeed. What they could/probably will do is strip the costs out of the business, load it up with debt and then run another float where they will profit. It's commonly known as 'pump and dump'. This takeover of QF could end up in tears just as poor Ansett did some years ago. Where are Ansett now? Once a profitable and thriving airline that was taken over, stripped and dumped leaving the nation without an important business and the staff with no livihoods. It's a crime!
There should be laws that protect business from greedy preditors that must be held accountable when it all goes pear shaped. Lets hope that our beloved QF is in safe hands!
Opinions please - maybe something a positive is there is one!
Last edited by skippychick; 17th Dec 2006 at 11:11. Reason: spell check
