Re-opening stocks are doing well, yes ATL has popped up from 25 cents to 35 cents on the vaccines, but I would have expected us to be on a path to $1.00 by now given the existential threat we have survived (without having to print any shares!) and the obvious thematic of holidaying outside traditional hotels & resorts for the next year or so, if not a permanent behaviour change. Look how well the RV stocks are doing in the US!! I'm assuming our delayed response is due to Colonial really dumping stock during the crisis and the market taking a while to digest it all, but that we will pop at some stage
The chart is very constructive no question. Love it when fundamentals and technicals come together like they are here, the pop can be pretty impressive when it happens and come out of nowhere (SYR a good example of that recently)
ATL Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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