Online booking platform WEB plunged over 35% last month after downgrading for the second time in around six months. Still, the fall is starting to look overdone, considering the solid activity update from FLT. Management needs to restore market confidence, and WEB can start to reward loyal and pained investors.
- With significant “bad news” built into WEB, we are considering WEB for our Emerging companies Portfolio.
MM is cautiously bullish toward WEB
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