NZ at capacity is kind of a good thing for THL. If you can't get a hotel why not get a campervan? The NZ business remains very strong and will continue to do very well for the next few years.
The major concern has always been the US. Undoubtedly there's been a Trump Slump this year driven by policies, uncertainty and a high US dollar. In particular the Canadian dollar has been weak. I was doing some research and Europeans have not been visiting as much this year and are down about 10% YOY.
In saying this THL said they are on track for 50m by 2020 and I have no reason they won't achieve this, unless a war breaks put with NK in which case this stock will get hammered, but then so will a lot of others.
Well summed up mate. I think THL are fairly priced at present. Recent surge was surprising, a bit more realism now in the SP.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by JeremyALD
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