If FLT's global growth strategy really takes off (which will...

If FLT's global growth strategy really takes off (which will require growth in Asian travel), it could get back to market darling status and reach $100 in my opinion.

They're moving towards growth in China, where there are 1.4bn people, many of which have never left the country. I think it's going to work. When I was in China, everyone I met dreamt of seeing kangaroos and koalas, travelling through the countryside of Italy or seeing the towers of New York and Tokyo.

If I was in charge of FLT, this would be my primary goal - linking China's travellers with the world. There are 300m or more middle class Chinese who are keen to travel, the only thing holding them back is Visa issues. Once the government relaxes Visa restrictions, the world will see a flood of Chinese tour buses!

I think Priceline and the other majors see this happening, and if I was them I'd be gearing up to pounce.

At this price, FLT is a steal.