Retail travel agent FLT needs open borders and willing travellers to thrive but as we saw from the 85% rally from its August low, the stocks good value into current weakness when we can finally start packing our bags – I have planned a quick trip up to Hamilton mid next year but I didn’t consider anything overseas, I imagine many people are the same especially looking at how little accommodation is left domestically.
This is one of those situations where the stock could easily drop another 10-20% but I do believe it will be well above $20 at some stage in 2022 i.e. the risk / reward is becoming appealing.
MM likes FLT into weakness under $17.00
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