Kikapu wrote:umit07 wrote:Paphitis wrote:They will be able to get to Cyprus easily too to spebd with family - through ERCAN obviously but who cares now considering the way these guys were treated in Cyprus. Only one of the guys at CA will have major issues and understandably so.
WTF
, GC's including yourself have constantly referred to Ercan as an illegal this, illegal that. Now you are promoting Turkish Airlines and encouraging using Ercan as a "selling point" for working there, what has the world come to.
On another note,
I've been following THYAO stock for a while, waiting for a plummet in the Turkish stock market before I buy. I believe Turkish Airlines will rival the Lufthansa Group within the next ten years.
Umit, don't waste your foreign money on THYAO, which is priced and traded in TRY. In the last 2 years alone, the TRY has lost approx. 30% each year against major world currencies. The stock needs to appreciate 30%+ a year (more like 50% a year) before you will see any benefits, plus the cost of buying and selling the stock, plus big taxes on gains, if any, on short term held stock if you sell them. You will do a much better and safer return on your money if you kept your foreign currency under a mattress and only take it out when you want to convert it to TRY, than buying any TRY based stocks, specially an airline stock. One has to be a total masochist to do that.
In addition to this, Turkish airlines reports an earnings per share of 11 US cents per share for the first quarter of this year. It cost approximately $3.20 per share to buy in to the company today. So if nothing else changes, it will take about 7 years and 3 months just to break even. This is not taking in to account transaction costs, taxes and exchange rate risk. BUT the company does NOT pay a dividend.
In other words, the company has to grow its earnings per share at a higher rate than the rate of exchange devaluation, beat inflation, cover transaction costs and taxes for you, as a foreign investor, just to break even, hopefully in 7 years and 3 months. BUT, as a shareholder, you are not entitled to a dividend.
In more other words, its not a financially sound investment today and the probabilities are stacked against it being a sound investment for tomorrow.