Antony on the email has been banging on about the prospects of
TRAVEL.COM.AU (TVL) for quite a while, mainly on the basis that it was
grossly undervalued compared with WEBJET (WEB).
We should have paid attention because Travelcom shot out of the
blocks yesterday and put on 3.5c to 21c on huge turnover.
Either it's buying spurred by Webjet's big result (which we
wrote about yesterday) or something's up.
Webjet, by the way, fell 1c to 33c after Tuesday's 3.5c rise on
the profit result.
But as Antony himself asked, is Webjet overvalued or Travelcom
undervalued?
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