ANDREW FOSTER;306057 wrote:Robert D;306055 wrote:What to do about EasyJet, down 6% today after announcing the CEO would be leaving.
The business has recovered well from Covid and the planes are full yet the share price is still down 60% on pre-pandemic levels. RyanAir meanwhile has soared away
It's probably been my biggest investment mistake and I should have sold long ago. Four years on I still can't do it because the losses are too painful.
I have a little. It's been in the red most of the time.
But the reasons I bought it are still valid and I believe it will eventually break out. I guess significant debt is holding it back.
Almost thinking of adding.... but breaks my 'no single shares' mantra.
Planes are full, it appears well organised and run. Way better than Fly'n'scare...
You could diversify with Jet2 to make your own fund.
While the share price of all these track each other I think there is an opportunity for much larger gains with Jet2. It has a much stronger balance sheet, newer planes and a persistent seller of stock for a month or so. While it could fall more as we don't know when the seller is done (could be the previous and successful CEO) so it could likely fall more but the upside is too great. Growing revenues too. The cash in the bank they have is all in a MMF and includes both their large cash pile and customer deposit.
They also have great Trustpilot and Which? Vs the rest.