FLT 1.56% $17.06 flight centre travel group limited

rennis... thats exactly the case... during economy downturn,...

  1. 474 Posts.
    rennis... thats exactly the case... during economy downturn, overseas holidays will always be the ones to go first from spendings... i personally has friends working as travel agents in melbourne city... she said business gone down like 20% early last year and from september onwards (when ppl are booking for their december holidays) business went down around 30-40% compare to the same time last year...

    worse still of what had happened to bangkok (airport case) and bali (drug & terrorist cases) aussies' fav travel places... also the warnings given by federal government... fearing many who wants to travel overseas...

    noomx... for long term, i think flt is just average... sure it isnt affected by the curret turmoil as they has lots of cash and sure it is cheap compare to 2 years ago... but can they sustain their earnings?

    im not a sheep... didnt start as one either... up around 2700% in my portfolio since first investing in 2003 ;]

 
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