Has been a best buy on Motley fool for some time.Does anyone have any other broker recommendations?
At a PE of 24 it seams cheap for a growth stock.
Between CTD and WEB, CTD seems more recession proof as companies still need to file where as individuals will cut back on overseas holiday.
See comments below from the free section of motley fool
Corporate Travel Management Ltd (ASX: CTD)It appeared nothing could stop Corporate Travel’s share price as it rose to an all-time high of $33.87 in 2018, rising more than 3 times in as many years. However, following a short seller report from VGI Partners in late 2018 and guidance below market expectations in 2019, the share price has been compressed to sit at $21.86 at the time of writing.However, I still like Corporate Travel – it is still growing rapidly by acquiring smaller firms in a fragmented global market. It has also confirmed guidance for earnings before interest, tax, depreciation and amortisation growth of 10–16.5% on the prior year. In FY19, CTD managed to grow its revenue by 21%, generating more than 70% of this outside of the ANZ region.Corporate Travel is also a net saver for its customers, which makes it easy to see how it can win clients and gain market share.
CTD Price at posting:
$21.69 Sentiment: Buy Disclosure: Held
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