Thai Airways Intl (TAWNF)

[Renegades17]

Took a position



I view this as a very cheap call option on the restructuring. I don't think the Thai government, particularly given its existing equity stake, wants to let this company fail. The fact that the union is supporting a restructuring helps too.

It will be an interesting week. I wouldn't advocate a big position, but the risk/reward is highly favorable and could pay off handsomely.