I looked into wotif, one negative for me is the price to book...

I looked into wotif, one negative for me is the price to book ratio is about ~4. There's no real tangible assets backing it up besides the $140 million cash they have in the bank.

They have shown good dividend stability, but the payout ratio is quite high so I'm not sure if I'd say it has adequate earnings coverage over the dividend.

It could be a good way to play the Aussie dollar if you expect it to fall with people returning to domestic holidays opposed to overseas.

Not quite good enough for me to invest in, so I passed over it.