FLT 1.56% $17.06 flight centre travel group limited

I wonder if a fair chunk of their business is wholesaling and...

  1. 631 Posts.
    I wonder if a fair chunk of their business is wholesaling and corporate work - making their model more of 'buying capacity' for resale' - and they do have a reasonable policy of price matching.

    I am looking closely at WTF too - who are basically a hotel booking service - they have an exemplary balance sheet and cash flow - about as perfect as I ever seen - just the 20x + PE ratio makes me feel its too have expensive.

    But FLT on PE of 5-7 surly thats getting cheap...?
 
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