CTD is another ASX travel company which has corrected over 20% after making new highs following MM’s 2022 mantra of “sell the pop”. The company was in acquisition mode through the pandemic which should give plenty of room for growth in 2022 especially as its sits on zero debt helping create a solid platform moving into 2023. We like this business, it’s just a matter of what price represents good value, we like the stock around $20 but would leave some ammunition if it breaks support and trades into the high teens.
MM likes CTD into further weakness
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