brutal pullback
i think the $10 equity raise combined with high p/e and large acquisitions are all contributing to the profit taking and anxiety, as is the general negative sentiment around the market at present.
i like the m&a strategy for eps accretion, i like the blockchain leadership and the management team's track record.
im happy holding with a horizon of 2-3 years and a price target over $15.
webjet has had a massive bull run over refent years and some correction in time and price is not a bad thing in the medium term.
im sure $10 will provide good support.
pressure will be on management to deliver good numbers at the next 2 half yearly reports though.
WEB Price at posting:
$10.70 Sentiment: Buy Disclosure: Held
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