Spice Jet is the biggest trade stock right now. With speculation over its future Spice Jet has gone up nearly 20% this month. We do feel that the Govt. is trying to keep it alive through support and they would not want to have a King Fisher repeat. We believe that SEBI may try to ask it to delist and a buy back may be on the cards. This may raise the stock price another 20%, however any more negative news could tank the stock price 20% as well. There are trading opportunities and Spice Jet, but as Warren Buffet would believe - Airline Stocks are dommed to fail and be utter disasters. This year alone, we have seen three major air crashes alone, and multiple bankruptcy situations in airlines (Air India is clearly broke though being Govt. fueled by money). We believe Air India should be completely Privatized since major corruption has led the Maharaja to bad times and an outfit change is utter useless without enforcing smart decisiojns. Spice Jet is not on our investment buy as a long term. We would recommend Jet Airways as a better buy and much higher quality of service compared to all the other airlines. Spice Jet remains the TRADERS DELIGHT (Or DISPAIR) , whereas Jet Airways remains the only sky high airline listed on the stock market.
Posted on: Thu, 22 Jan 2015 10:32:03 +0000
Trending Topics
Recently Viewed Topics
© 2015