I believe Flight Centre is coming close to becoming a buy if the price continues to fall especially if it approaches near the capital raising price. Macquarie Bank are not going to let this fall too much as they have far too much money tied up. Price is hard to predict when it trades from $10 up to $14 them down to $9 in under 2 weeks. Long term flight centre in my opinion a great buy. Having faith in management is very important to me and I do with this company. How quickly flight centre bounces is a major variable but I believe quickly. Myself and my family and friends are desperate to start flying again. The cruise industry I believe will suffer for an extended period of time. A slight concern is will the fall in share price effect the travel of self funded retirees, will people getting used to working from home effect business travel but long term it can only improve from here and they should be trading profitable again before current cash is spent to avoid a further capital raising.
FLT Price at posting:
$9.20 Sentiment: None Disclosure: Not Held
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