Thursday, July 26, 2012

Qantas, looks ripe for a takeover

QAN near it's all-time lows, and bouncing hard from the 1.00 level with potential takeover opportunities as well as private equity buyers lurking - this one may be the generational opportunity.

http://www.businessspectator.com.au/bs.nsf/Article/Qantas-moving-closer-to-deal-with-Emirates-report-pd20120725-WJQ2L?opendocument&src=rss

I don't like to hit the offer too often but I have here 1.085 entry, with a stop just under 1.00.