Wow... so Qantas share price has been hammered - $1.15! I know earnings are down, but it's trade at a P/B or 0.42 and whilst the current PE will obviously blow out, the 10 year CAPE would have to be well below 5 if not below 4 now, which makes you think if the company can sort itself out and get back to even some semblance of its former glory it'll be a great investment. I'm not saying the company is without problems, high debt, falling margins, low sales growth, etc but I can't help but feel it's been oversold at this point. I think in 3 - 5 years time Qantas will be either bankrupt or people will look back at this price and think it was the sale of the century. Thoughts?