About 18 months ago Thomas Cook was trading at about 300 pence. It is the largest holiday company in the world. The recession hit them hard and they had liquidity problems. The shares tanked down to 15p this year on worries they would go into receivership.
What the Market is Missing
Thomas cook has announced that its sales this year are good and the summer season will see them regain financial strength and liquidity. They are also engaged in selling some of their bloated sub companies and will emerge leaner and fitter.
My View
I think the shares offer an opportunity. If all goes well by the end of 2012 they will be trading over 50p. Yes its high risk, but the potential is to double or treble.
What the Market is Missing
Thomas cook has announced that its sales this year are good and the summer season will see them regain financial strength and liquidity. They are also engaged in selling some of their bloated sub companies and will emerge leaner and fitter.
My View
I think the shares offer an opportunity. If all goes well by the end of 2012 they will be trading over 50p. Yes its high risk, but the potential is to double or treble.
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