CTD 0.36% $14.11 corporate travel management limited

Why I passed on CTD., page-79

  1. 7,328 Posts.
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    Instead of wasting your precious time trying to discredit the Corporate Travel business model, if you would have spent even a fraction of it actually committing some of your capital to it, you would have been richly rewarded over many years.

    The company has not just indulged in multiple arbitrage - they are also winning business in record numbers and driving TTV. How does it matter which of their acquisitions over the years is contributing to that?
 
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