What a clean little business. I look at plenty in retail, tech and leisure - and Webjet is just a consistent performer.
Growing revenue: Tick
Increasing earnings: Tick
Consistent earnings: Tick
Liquidity in shares: Tick
Online presence: Tick
Global operations: Tick
Solid business model: Tick
Everything they seem to do is working for them. Travel is one hell of an industy, and luckily they've timed their overseas growth just as the AUD has dropped. They can make money both ways due to a stronger Euro and GBP for those coming to Australia.
Anyway, I've been following them for a while, and with the earnings out of the way I think $3.50 is a great price to start accumulating. Sure there's some volatility, but in the long run I think we'll see this as a bargain, it could easily run to $5 on the next leg up.
WEB Price at posting:
$3.44 Sentiment: Buy Disclosure: Held
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