Plenty of growth for Corporate Travel Management
One stock we’re watching closely following recent acquisitions is Corporate Travel Management (CTD). In April, CTD announced that it had partnered with Coles to develop the FlyBuys travel online booking site flybuystravel.com. CTD will run the booking platform and provide customer service. MD Jamie Pherous said "I wish I could tell you what it means to shareholders… We certainly don't know. But the opportunity is pretty material." Corporate Travel offers a strong organic growth profile with scope for additional growth through acquisition. It has an award-winning business, well-respected and passionate management, clear analyst support, a strong global footprint allowing leverage and scale of the business and the financial metrics are very impressive. After recent acquisitions and partnership, it is now a top 10 player in the US market and has dipped its toe into the retail leisure sector. We don’t currently hold CTD but are wondering whether we should...for now it’s on our watchlist. Read the full report: (VIEW LINK)
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Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...