That's fair mate, just not sure about some of the statements re: long term impact. it's a bit early to tell. Obviously short term uncertainty is hitting this stock. I am a happy holder for now.
I tend to buy when blood is on the streets, especially when people have speculated a 30% drop from last weeks highs on the back of Coronavirus. Is 30% the right number? not sure, i'm betting that its not. But thats me. Mainly because, they were receiving bids when the price was $13-$14. Most competitive bids are at premium. So am hopeful the intrisic value is $12-13.
Also this virus will have a macro impact, i understand it will impact WEBJET, but also the entire industry. We are not losing market share because of this virus. As such.. i think its a good time to accumulate.
WEB Price at posting:
$11.94 Sentiment: Buy Disclosure: Held
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