In which case tourist holidays will be the least of our worries.
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I just talked to the young gardener who works here a few hours a month, and who is a very keen environmentalist, and he said he and his generation would far rather drive around independently than hit the motel/hotel trail.
I'm sure you're right. Merely pointing out the current generation of customers do not seem likely to disappear in a hurry.
Exactly - the old VW Kombi around Europe or backpacking wherever. Certainly could never afford or even contemplate a hotel when I was backpacking (apart from in real cheap countries). Doing this, also have more time 'travelling' rather than a middle aged person on 'holiday' so different time frames and pressures.
Although in NZ would have to do the maths on campervan/park fees etc vs rental car and motel....
Got to respect technical analysis at times like this. The market is telling people that SUM thing is wrong and its by no means the only chart that is ugly, SUM others are too !
Much safer for risk averse investors to wait till these quality companies (that arguably simply got too far ahead of themselves with their share prices) to break back up through the 100 day MA before considering investing again.
Now $4.64 and heading to sub $4.20
Not surprising really ...it’s all in the free cash flows
Was this really $6.89 not that long ago .....40% is some crash .....must have a high degree of irrationality back then ....even 10 bucks was mentioned as a possibility.
Winner that promised takeover must be coming soon 😀
2000 shares just traded at 410c. Seems a bit odd with several buyers higher than that, or did those bids come in later !?