RE: Baron Investments tweet4 Mar 2020 10:25
Brutal moves in the travel space, #TUI, #OTB. One name - #SAGA. Clearly falling because of leverage ratio, mkt working a big drop in travel ebitda which was estimated 50% in 20/21. Hard to gauge PE now but maybe 2-3 and <0.3x NAV. Sell the underwriter, cut the div prudent IMO!