All travel related companies are going to be impacted by the Covid 19 virus.
Unfortunately, due to realistic understanding by the media (and hence the general public) of realistic situation, we have panic in the markets and they have very much overreacted to the situation. For example, an average of 500,000 people die from Influenza (Flu) worldwide annually. Compare this number to the 2700 deaths from the Covid 19 virus.
So, WEB shares will need to be placed into the bottom drawer until "the panic" is over and the "so called" journalists find a new "flavour of the week" negative or alarmist story to embrace.
Remember the bushfire crisis? ............. seems a long time ago in newhound terms!
WEB Price at posting:
$11.06 Sentiment: Hold Disclosure: Held
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