- 17 September 2011
- Reaction score
Indeed, nothing wrong with speculating if thats your game.
FLT significantly lower this morning, down 3.22% to $22.21. More profit taking after running too far too fast I would think.
You can get some sense of one by applying 2019 earnings to current capitalisation. It would be extremely optimistic obviously, but would be about 20x. You would need big cajones to take that bet!
AGM Pres out yesterday makes interesting reading on where they're sitting and expectations going forward.
Of interest to my theory that they might go back to pre-Covid booking levels within 12 months and the SP to correspond (although factoring in some forward looking price - higher pe) Skroo thinks it's not going to be until June 2024 that they will go back to 2019 TTV levels. So, I might be going to owe you a beer @greggles
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