THL - Tourism Holdings

[Beagle]

There’s often a big difference between theory and reality (driven by rationale / irrational investing behaviour.)

I remember the bad old days when THL were considered a cyclical tourism company and traded on a PE commensurate with such of about 10.
Funnily enough if it goes there on $25m earnings which is 20 cps you'll be a real guru and get your $2. I wouldn't be surprised sometime next year. Next trade weapon to be rolled out by the Chinese could be their tourism spend and I think to some extent that's already started. I think its going to be a very cold winter...