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Last edited 3 years ago
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-14.6% pa
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#Bull Case
stale
Last edited 3 years ago

A (very) risky, but obvious re-opening beneficiary with high upside thanks to its above-average leverage to travel normalising.

After a disastrous tenure under former management filled with ill-advised splurges to acquire adjacent businesses, new CEO John Sullivan seems to have made progress in righting the ship, divesting off non-core assets and concentrating on the skydiving operations.

I bought a small position at 20c, and it looks like the reopening tailwinds/sentiment have ensured the market has taken a shine to it. In a best case scenario, there is still considerable upside here, intermittent bumps notwithstanding.