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deardoc has written 2 entries since joining The Inflationist – Making Money in Stocks, Bonds, Forex, Commodities, Agriculture

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Apr 04
Saturday

Regional Express

Filed under Stocks

I have been accumulating REX in my personal portfolio from 80s upwards. My work requires me flying to the outbacks in Australia serviced by REX and Qantas and i can assure you the flight is always full. Qantas will not be able to compete on these routes – too expensive, no direct flights, infrequent flights. REX has a monopoly and with the resurgence of the mining industry (may take years), I am sure REX will do well long term. Downside is: lack of growth, loss of pilots (the economic crisis will take care of this as major airlines cut more jobs). 

Loaded up on REX at 5000 at 90c 

No. Shares Company Bought Cost Now Profit/Loss
10000 COE.AX 3-11-2009 $0.26 $0.39 $1,300.00
10000 CFE.AX 3-11-2009 $0.24 $0.14 $-1,050.00
5000 REX.AX 4-4-2009 $0.90 $1.15 $1,250.00
5 ^AXJO 4-6-2009 $3,730.00 $4,983.50 $6,267.50
5000 OZL.AX 4-7-2009 $0.58 $4.23 $18,250.00
Cash in Bank $10,500.00
Portfolio change since 1.1.2009 69.04%

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