FLT 1.52% $17.39 flight centre travel group limited

I'm all for free speech! It doesn't mean it can't irritate me...

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    I'm all for free speech! It doesn't mean it can't irritate me from time to time.

    From what I can see, the FLT result doesn’t indicate any real change. I suspect that they are late to the online world quite deliberately, because it's not where their competetive strength resides. Much as I like FLT in terms of culture, return-on-capital and cash generation, my sense is that it would be reckless not to assume that the online shift remains a threat (rather than an opportunity).

    But I am uncertain. My approach is to limit my exposure, not to cut it.
 
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