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Kenya Airways shareholders’ long wait for soft landing

Shoe Heaven
 

Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard]

The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back.

That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways (KQ) when the government sought to sell a 51 per cent stake.

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