Hi all, sales for this fiscal year are expected to be around 10% more than last year, which is, in my opinion , very disappointing because travel has surged since last summer with the end of COVID restrictions in most of the develloped world. Multiples are sky high for a this level of growth ( P/S of 8). Who knows if the margins of pre COVID years are achievable with rising input costs ? I have beaten the bullet and just sold my position at a 62 % loss. I made a huge risk management mistake to buy a 10% stake 2 years ago on such a small and richly valuated company. Greed and ego. Lesson learned ? Might be interested in the future at a much better valuation,and a change in leadership and communication.
ANO Price at posting:
$1.87 Sentiment: Buy Disclosure: Not Held
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