Further to my comment above,
This 37.5% discount means the business is now valued 37.5% lower than pre-covid19, i.e. you can now buy this company for a 37.5% discount. This discount has already incorporated the headwinds IMO.
Remember, travel management companies are different from cruise liners or airlines. They do not care which airline/cruise line survives this as they act more like a middle man. Hence, it would not be appropriate to compare a travel agency with the likes of travel operators/airlines etc.
Equity raise process, page-87
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Last
$21.95 |
Change
0.340(1.57%) |
Mkt cap ! $4.851B | |||
| Open | High | Low | Value | Volume |
| $21.74 | $22.05 | $21.63 | $31.78M | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $21.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.95 | 8747 | 4 |
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