Experts simply cannot get it right on Qantas

Qantas is one of the most tempting, and treacherous, stocks on the ASX. And experts have been getting it wrong for years | WATCH

Here are a few Qantas facts that show why it is the white whale of the ASX200:

When shares peaked in late 2007 at over $6 Bloomberg showed seven buy ratings from analysts, three holds and only two sells — the stock then plunged 78 per cent in 2008.

When the airline had bounced back a bit by early 2009 analysts jumped aboard again — Bloomberg showed 10 buy ratings, four holds and zero sell recommendations. It slumped again.

Five years later the stock was at an all-time low under $1 and only four analysts were recommending the stock. It proceeded to surge as much as 340 per cent in a little over two years.

Now that Qantas shares are falling again it’s important to remind ourselves of the dangers associated with trying to figure airline stocks out.