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Preference for CTD over FLT as a “Growth’ stock

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Preference for CTD over FLT as a “Growth’ stock

Saturday 4/5/24 Q&A - Preference for over as a "Growth' stock. Since June 2023 has outperformed CTD and arguably has outperformed both. NB classified as a Tech stock which may be providing a tailwind. In view of these circumstances should the MM strategy be tweaked?


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.

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Corporate Travel (CTD) v Flight Centre (FLT)
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