Gosh! Just went through the article - as brilliant as KQ is depressing.
Quote:Since 1995, Kenya’s GDP has nearly quintupled. So it would be reasonable to expect KQ’s profits to have soared along with it, right?
If you look closely, you’ll see that KQ actually earned less in 2012 than it did in 1995! And this wasn’t a fluke. It outperformed its 1995 earnings in only six of the past 17 years.
Company in a bad industry at such an attractive price!