With Tech sector booming again and travel industry still long way away from profitability, I recon the funds are moving back from travel to Tech sector.
Covid hit travel industry in Mar-20. During the 2019 FY, FLT was valued at $4.2b-$4.4b. Currently it is at $4.5b and FLT does not expect to be at pre covid levels until Jun2024. That is still 2 years and 8 months away, and at current valuation that growth is already priced in. I dont think they will be paying any divis at least until 2023, so is it really worth holding at current SP? NO. But will it slide to $14 again, we dont know but if it does, that is a hell of an entry point
Happy to be corrected if I have gotten any numbers wrong.
Crazy Valuation, page-102
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$21.33 |
Change
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Mkt cap ! $4.732B | |||
| Open | High | Low | Value | Volume |
| $21.41 | $21.52 | $21.33 | $13.63M | 637.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3165 | $21.32 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 3107 | 1 |
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