We think that the catalyst calendar is lining up for Best Idea Long DUFRY, and will outline our thoughts on the name across durations in next week’s Black Book. Specifically, we’ll highlight what the market is missing with the name at CHF 46 (US ADR $5) – which is a lot. The press likes to hammer fear into consumers and investors alike with concerns over Covid and its variants – but obfuscates the positive developments we’re seeing in both the pandemic, and a return to pre-covid travel levels. We think that the company’s results next week will show meaningful improvements in both top line, margins and cash flow – which should set the stage for people to focus on the bigger picture upside in the model over a TAIL duration. We think that profitability and financial returns hit new peaks over a 3-year time period, which is good for a base case 3-bagger, and a 5-bagger using a bullish modeling scenario.
Call Details (Webcast Only):
Date/Time: Wednesday, October 27th at 12:30pm
Live Video Link: Click Here
