Fair question M3FORME. Webjet's price seems almost entirely sentiment driven at the moment, as their financial results and forecasts would support a higher price. There seems to be an expectation that Webject will struggle in coming years due to increased competition and other shifts in their sector. If you don't think this will happen, the company represents very good value at this level.
Without spending all day writing a more detailed post, here are some of the things to look at:
Debt free and good cash position Strong revenue growth Increasing margins Generates positive cash flow Earnings per share not excessive in my opinion based on their growth rate
WEB Price at posting:
$2.75 Sentiment: None Disclosure: Held
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