Preference for CTD over FLT as a “Growth’ stock

Hi Robert,

As you know “there are lies, lies and statistics” and in this case we should be looking at the numbers from a couple of perspectives:

• So far in 2024, of the three WEB is +12.7%, FLT +3.4% and CTD -20%.
• However, MM bought CTD in early March following their disappointing 1H24 earnings report.
• Since our purchase CTD and FLT have struggled as rising bond yields through April weighed on the Consumer Discretionary stocks.
• Conversely Webjet (WEB) has outperformed following a positive strategy day which outlined its focus on its WebBeds business for future growth.

At todays prices we continue to prefer CTD over FLT but we are indeed considering WEB as an alternative play for our Active Growth Portfolio.

chart

Corporate Travel (CTD) v Flight Centre (FLT)

LAST UPDATED 09/05/2024 16:43

Close

chart

Corporate Travel (CTD) v Flight Centre (FLT)

LAST UPDATED 09/05/2024 16:43