Grimey From Ireland, joined Jun 2005, 462 posts, RR: 5 Posted (9 years 8 months 3 weeks 5 days 20 hours ago) and read 2024 times:
So should I buy some of EI later this year, would I be making a big mistake or should I just buy a small amount like 1,000 euro worth just for the craic?
And by the way if not EI then what other airline is worth buying stock off? This time last year I was going to buy some in Finnair when it was around 6 Euro a share, it jumped up to 15 euro a share at the start of 2006 and is back down to 10 euro a share today, silly me.
Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 55
Reply 1, posted (9 years 8 months 3 weeks 5 days 20 hours ago) and read 2007 times:
The stock markets, as you probably know, took a big hit in the past weeks.
Airline stocks are very volatile, and are greatly impacted by fuel prices.....there is quite a bit of risk involved. Some analysts say that if fuel prices ever retreat to $40-$50 levels, airlines will begin making lots of money due to the cost cutting that has gone on over the years, but will oil prices retreat? And, if the world economy slows, travel will weaken hurting airlines.
All of that being said, I own shares in a couple of airlines, small amounts, to show my support......I have watched CO shares go from $40/share to $4/share and back to up $31/share (its at $25 now) for example. If you can afford to risk your entire investment, and its something you really want to do, go for it.........but airline stocks are more like Las Vegas than Wall Street.
BCAL From United Kingdom, joined Jun 2004, 3384 posts, RR: 14
Reply 2, posted (9 years 8 months 3 weeks 5 days 20 hours ago) and read 1994 times:
It depends on your investment objectives - i.e. what sort of risk you are prepared to take. Airlines would probably be categorised as "High Risk" these days. You could make a fortune (think of the return that early investors with FR achieved) and equally you could lose everything.
Having said that, one should never ask for specific investment advice except from someone who is both professionally qualified and authorised to give such advice.
MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
BDKLEZ From Ireland, joined Jun 2005, 1735 posts, RR: 9
Reply 3, posted (9 years 8 months 3 weeks 5 days 19 hours ago) and read 1972 times:
Quoting BCAL (Reply 2): Having said that, one should never ask for specific investment advice except from someone who is both professionally qualified and authorised to give such advice.
That's the very best advice that can be given.
Look at the things that have happened in recent years that have caused airline sticks to tumble with all but a very few exceptions.
Theses dramatic world events cause the general public to stop travelling and as such it's very difficult for the industry to predict possible travel requirements in the immediate aftermath and as such, confidence in airline stocks will have fallen which will result in the value of the stocks falling also.
It's a very risky business to invest in as BCAL has already suggested.
[Edited 2006-05-24 21:55:38]
Trespassers will be shot; survivors will be shot again!