Yeah I'd have to agree. You've got the likes of REA and CRZ being market darlings, and investors paying huge prices for the businesses, and then you've got Webjet who is just as solid, and has similar growth prospects, but in a more competitive space - who the market just doesn't seem to favour?
I think in the longer term, once the revenues and earnings kick in from the SunHotels business, Webjet will really start to get a move on. The Middle Eastern business is growing rapidly as well, and should reach a sizeable stage in the coming couple of years.
I think the only real negativity is probably the fact that Webjet charges booking fees. It's a little old school. They're also not really doing anything 'revolutionary' and don't have much of a point of difference... I guess Wotif didn't have too much of a point of difference either - but they managed to get bought out!
Booking.com is said to be on the hunt, but doesn't look like Webjet is on their radar just yet.
WEB Price at posting:
$3.03 Sentiment: Buy Disclosure: Held
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