We are concerned about the Australian market this financial year and the U.S. market in the next financial year. |
We certainly didn't expect such a bearish outlook and they haven't given any earnings guidance, which is a pretty negative sign. |
We certainly didn't expect such a bearish outlook and they haven't given any earnings guidance, which is a pretty negative sign. |
We view the dropping of the offer as positive. It shows Macquarie Bank is maintaining a level of prudence when bidding for assets. |
We would certainly favor any disposal of Virgin Blue. They're still not getting many benefits because the oil price is high and the labor market's still restricting any real leverage of the business model. |
We're expecting even more weak data to come out of the U.S.. We're not excited about stocks that are linked to the U.S. demand cycle for at least the next three to six months. |