Warren Buffett once quipped that the way to become a millionaire was to “start as a billionaire and buy an airline”, but our experience of investing in Ryanair, Europe’s leading low-cost airline has been somewhat different. In fact Ryanair is an excellent example of how a company with a superior business model can generate consistent compound earnings growth in a difficult industry environment. And given how few industries are currently booming, the success of the Ryanair may offer some useful insights…
‘Ryanair and the importance of high ROE for growth and dividends’
20 Mar 2013
Posted by Barry Norris