I have seen some instances online of investors asking people's thoughts on FLT and WEB, and they clearly have not realised the additional shares issued.
I wouldn't say all retail investors fall into this category though.
As an example, the way I'm looking at it is if a company like Woolies can't even go back to its old market cap when they benefitted from COVID how the hell can a travel company have done so when its possibly the most heavily affected industry?
I'm not saying WEB is a bad company but I think most of the upside has been realised and I wouldn't be buying more at current prices. This is basically value investing isn't it - buy those that were hammered hard and wait for the reversal.
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