I’ve got just over 10% of my portfolio in WEB. It used to be 14%...

I’ve got just over 10% of my portfolio in WEB. It used to be 14% which dropped to 4% where I more than doubled down at CR price.

Even though I have such high conviction, I wouldn’t call it a “screaming buy”.

I might call it a good buy, as we are likely to see returns on investment in excess of 50% from here by the end of the year. Buy at $3 today, very likely to see the SP at $4.50 more higher. I might even say it is a great buy.

However, I would not call it a screaming buy. A screaming buy I would say is something that could offer a return on investment exceeding 100% (doubling your money) with almost no risk of that not eventuate for. Have not seen too many of that since missing the 23rd Mar low, and most things seem expensive now.

WEB was certainly a screaming buy at $1.7 as it wouldn’t be a stretch to say you could have 3x your investment by year’s end ($5 per share). At $3, some of that upside has disappeared.

Anyway, I’m a contrarian and I’m particularly bullish on travel stocks that have been oversold in my view. Holding WEB, CTD and FLT in these ratios 8:3:1 based on my current conviction on their business models. Travel is 15% of my portfolio.