Jet Airways: Investing in a Loss Making Company

update: target reached on December 24th 2008.
Net profit: +10.3% in 2 days.


Falling oil price has aroused my interest in Jet Airways. Here's my planned trade.

Jet Airways
Buy (Current Price): 165.00
Target: 182.00
Stop Loss: 149.00
Maximum Hold period: One week.

Risks: Loss making, debt ridden company heavily affected by global recession. Jet airways has expanded operations to include international flights but has never really got the returns for it due to global economic meltdown.

Positives: 'Cheap' in the sense that the stock is trading below book value. Falling ATF (Aviation Turbine Fuel) prices.