Stock is cheap at around 16 EUR, if you see beyond the current turbulence hitting the market this could be a good recovery with 30% upside and attractive yield.
Credit Default swaps do not imply a significant cause for concern in the stock price, but Company will continue to operate under the prospect of strikes and competition from low cost operators.
If you like the name:
Strategy: Buy here at 16 for 5% yield, take profit target = 20.5 for 30% upside, stop 13.5
2CentView does not have or plan to initiate a position in Lufthansa.