A quick note on Leisure/Tourism/Hospitality which I reckon will be nice place to be in the next couple of years given the likelihood of low AUD & the change of consumer behavior in China. A few names in this space. AHD. CWN. SKC. VRL. AAD. LTN. TCO. They all look reasonably bullish & most are trading at a relatively high PE & a premium to book value. ----- LTN & TCO stand out because of low cap & discount to book value....Good safety margin there. ----- WTF & WEB...Have been hammered..They seem to have lost the edge against foreign competitors...Will not consider them. ----- SIV... has been downgraded but I think it is worth watching ...Looks "good value". Anyone with a little gem in this space? ------ I am staying clear of all resource dogs & mining services for the foreseeable future...May trade the odd one, but holding more than a couple of days will likely end in tears.....Their time will come ,but it will be a long wait...A waste of time.
