Not sure what is going on with the share price, or the big cross trade that went through this morning - but I think WTF has a business model that is under threat.
However, the potential for it to be taken over is there...and I suspect this is why the price rocketed today.
I used to use wotif, but since trying booking.com, I will never go back unless they improve significantly... The online accomodation booking market is getting more and more competitive and commoditised, and I do not think that Wotif has the sustainable competitive advantage of network and first mover advantage that some think it do.
WTF Price at posting:
$3.00 Sentiment: None Disclosure: Not Held
