In the past month, 2 different people close to me told me they have Singapore Airlines in their investment portfolios. I got a little curious and asked more about their thinking process. I decided it was interesting enough to write it down. Here’s the rough reasoning behind their thesis. Among the big blue chips listed in Singapore, SIA is one of the few companies that have not recovered to their pre-pandemic prices. Therefore, it is cheap. SIA is backed by Singapore’s Government. The Government wouldn’t let it fail. I think an investment thesis based on these 2 assumptions is very weak. Before I proceed, I will make a disclaimer that I am merely a man-on-the-street investor. I am not a certified financial advisor. Don’t buy or sell stocks based on some random guy on rambling on the internet. Here’s how I view the 2 assumptions. Assumption 1: The stock price