Tuesday, October 26, 2004

Hedged Positions

Quick thought: SIA SP may have hedged its oil needs at about $32 per barrel. So, it may be able to ride out the crisis with reduced impact. They typically hedge one-third of their oil needs. Whilst they are susceptible to competition from LCCs, it remains a premier name in air travel. May be a buy if it gets overly beaten down. [About $10.50]



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