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Thomas Cooks Shares
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freemoneyrocks
Posts: 46 Forumite
Time to jump on board? I would have thought they will do well if the economy ever starts a sustained recovery? 70p now and have cleared £3 in recent years.
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i saw they had plumetted recently - but holidays are still a core part of the economy so I respect your line of thought
there is an investment saying - never catch a falling knife - meaning it is safer to wait for them to stop falling (maybe even start rising) before you dive in in case there is a specific other problem. 3 profit warnings will take a while to shake out of the share priceI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine0 -
freemoneyrocks wrote: »Time to jump on board? I would have thought they will do well if the economy ever starts a sustained recovery? 70p now and have cleared £3 in recent years.
Personally I do not think that Thomas Cook shares are a good investment. The way the economy is we are in for a long rough ride. Interest rates at 0.5% and £200bn of qualitative easing means that we have not faced up to reality. Thomas Cook have had some bad results of late and it is hard to say how bad things will get for them.
When the going gets tough the leisure industry is the first suffer and the last to recover. I have always maintained that natural resources is the way forward. We will always need gas and oil as well as food and base metals. Whilst there is no guarantee that this things will constantly go up in value the likelihood is that over the long term they will do very well.
The World population is fast increasing, this in conjunction with the non renewable nature of some of the above commodities makes them good investments. In addition the these commodities have a very high price elasticity. In short I do not think that Thomas Cook is worth a punt. Maybe I am wrong. All the best.Money is a wise mans religion0 -
no real need to get invovled here, think about how many travel agents there used to be on the high st. Its facing alot of online compeitiion.
I would say this would be a short term trade0 -
they have a large branch network situated in high streets with dropping footfall and increasing rates and running costs, and face ever stiffer competition from "online-only" retailers
think woolworths but in the travel sector.0
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