I agree Jaywin. Who picks up the business? If Webjet is only getting a small percentage of TCs business through the deal is there a chance that they pick up the equivalent percentage or possibly more through a natural shift of business over to their own businesses. Probably a very hard question to answer for someone but I would love to know answer then maybe more upside if TC actually do go under. Probably doesn’t work that way but one can hope it does. Anyway still good buy opportunity around $11.50 and certainly under $11 if it gets there.
WEB Price at posting:
$11.51 Sentiment: Buy Disclosure: Held
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