But as I pointed out on previous page a few weeks back, they have heaps of revenue outside of Australia which probably aren't returning any time soon.
I know there's a few possible positive catalysts to come but strong vaccine hopes was certainly the biggest.
Just depends on if want to play longer term game with it or just sell and move on to next opportunity really.
IMO yes - limited upside from this point - whilst markets are forward looking, there's also the next few years where things are simply not back to normal and doesn't matter how much stimulus you throw at the market and people, travel simply isn't going to recovery immediately. I don't see how anyone can say the outlook (and therefore market cap) for webjet is as good now as it was 12 months ago.
WEB Price at posting:
$4.86 Sentiment: Hold Disclosure: Held
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