Fundamentally KFA is a BUY?

Hi All,

What do you say is Kingfisher a buy with One & Two year view at CMP of 10 INR??

Do you think it would reach Rs 5 level in next 6 months and then out of market??

Stay away from KFA.

KFA is a disaster , one that has never in its lifetime made a profit. Right now its aim seems to be to maintain a minimum of 5 aircraft operational with daily cash infusions but with another pilot strike starting today and no prospect of fresh capital , this is a short sellers dream come true.

Kingfisher posted huge loss and is struggling to stay afloat. The airlines have a combined debt of $20 billion with losses mounting to over $2 billion.