Further to my comment above,
This 37.5% discount means the business is now valued 37.5% lower than pre-covid19, i.e. you can now buy this company for a 37.5% discount. This discount has already incorporated the headwinds IMO.
Remember, travel management companies are different from cruise liners or airlines. They do not care which airline/cruise line survives this as they act more like a middle man. Hence, it would not be appropriate to compare a travel agency with the likes of travel operators/airlines etc.
Equity raise process, page-87
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Last
$20.66 |
Change
0.130(0.63%) |
Mkt cap ! $4.583B | |||
| Open | High | Low | Value | Volume |
| $20.62 | $20.91 | $20.55 | $26.56M | 1.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $20.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.66 | 3703 | 3 |
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