I agree. This isn't a quick turnaround in progress, but more of a slow and steady recovery. The results will probably reflect this IMO but overall will be positive, so I don't expect the price to jump massively, but I do expect the usual up and down price movement with the overall trend being one of recovery. Makes for good trading opportunities, but also for holding long term. If you consider that we were $25+ less than a year ago and the price was pushed down to around $15 a little over a month ago, it's hardly surprising that there will be some volatility in the lead up to the half year results. True company value is probably about half way between the $15 and $25 mark, but taking into account the broad expectation of increased business travel over the next couple of years, I am of the view that a return to $25 will definitely occur within that 24 month timeframe.
CTD Price at posting:
$17.48 Sentiment: Buy Disclosure: Held
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