absolutely mate, this is the most obvious buy on the asx right now. it really is screaming cheap. another thing i think worriers are over looking is the positive impact the rezchain technology has had on margins and decreasing capex. in the past i have overlooked the massive impact growing margins has to growth on the bottom line. i think we are only just at the start of a long period of increasing margins, basically an inflection point, which will see webjet outperform for years to come. no matter how conservative i make the revenue numbers in my model i simply cannot derive a valuation less than $17-19 ps . i also doubled my holding at $12 and keenly watching for $11 if we get there when i will double down again.
WEB Price at posting:
$11.51 Sentiment: Buy Disclosure: Held
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