Dan­ger­ous dog­fight but great for share traders

Financial Mail - Investors Monthly - - Analysis -

Akey at­tribute traders look for in a share is high volatil­ity. It is to be had in abun­dance in Co­mair, a share that has seen soaring price ad­vances of more than 500% and pre­cip­i­tous de­clines of up to 80% in its 17-year listed history.

Co­mair, op­er­a­tor of Bri­tish Air­ways (BA) in SA and low-cost car­rier Ku­l­ula.com, has been in one of those price de­cline phases since March this year. Its share price has more than halved from a record high and its his­tor­i­cal rat­ing has slumped to a 6 PE, its low­est since 2002.

It makes for an in­ter­est­ing share for traders pre­pared to bet on how long the patch will last.

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