Want to make a small fortune? Start with a large one and invest in an airline. There are no shortages of jokes about the remarkable ability of the sector to destroy shareholder value. Even the great man himself (Warren Buffet), managed to lose money in airlines with his investment into US AIR's convertible notes in 1989, beguiled by the intoxicating smell of avgas. Having said that, the last few years have been very good to investors particularly for those in US Airline stocks, but also Qantas locally. So has the sector become a capitalists "new best friend"? Maybe - the juror is still out. There is, though, one region of the world though that seems to have not learnt the lessons of prior cycles: Asia. So how can you profit from this huge Chinese expansion? Read this weeks blog: (VIEW LINK)
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