Great value in this company in my opinion. The growth story is...

Great value in this company in my opinion. The growth story is compounding and sustainable, and I bought my first block of shares yesterday in the mid 37s.

ROE greater than 20% per year for the past 5 years, year-on-year revenue growth for 9 of the past 10 years, and a debt:equity ratio under 5% and falling. I've searched far and wide for even just one other company like this, and none compare on a like-for-like basis. At a FY16 PE of 14, this is a steal. I expect some weakness over the next 8 weeks where I see the stock being range bound between $35.50 and $40, but just around the corner I see the closure of the ACCC case in July as the major catalyst for this stock to excel.

From a short-list of 25 high performing companies like ADA, NCK and CGF, FLT easily offers the best bang for buck.


Let the market get hyped over Dominos for now, Flight Centre's day will come to be the next market darling.