Any ideas on where to next for Flight? I've held them for a while and it's a great company and very strong balance sheet... so what are they going to do with that strong balance sheet? We know they were badly burnt after the US acquisition so they haven't been going near any more big plays but a Wotif or Webjet would be a nice addition to the group. Their eCommerce presence is building from a weak base, surely all that cash can be put to far better use? They also haven't tapped the market for capital for a very long time so shareholder confidence should be quite high to back them into something...
FLT Price at posting:
$27.31 Sentiment: Hold Disclosure: Held