Ryanair Launches Share Buyback as Profit More Than Doubles
UPDATE: FTSE 100 falls as oil pulls back, China data disappoint
ADRs End Mostly Lower; Nokia Declines
Ryanair remains profitable despite stratospheric oil prices.
A capacity expansion has boosted our fair value estimate for Ryanair .
The ongoing rally in the equity markets continues to limit the buying and selling activity of our top managers.
Use an ETF to short an overvalued and heavily uncertain industry.