If TC remains a going concern, upside of 20-25% over several weeks. If TC falls, downside of another 10% perhaps while the SP languishes for several weeks until the market realises that the impact isn’t that big and the stock is oversold at under $11.
I do wonder, with TC being so big, if they fail ... who benefits from this? Who picks up all the business, where do all the holiday goers go to? Who is the beneficiary of a bankrupt Thomas Cook?
WEB Price at posting:
$11.51 Sentiment: Buy Disclosure: Held
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