From a high of more than $5.00 twelve months ago, Webjet’s (WEB) share price was getting close to being attractive to value investors. However following the release of WEB’s interim results the share price shot back up, from $2.50 to $3.16, before settling back at $3.03 as at close of trade on 18 February.
There has been plenty of talk about the arrival of international competitors, namely Priceline.com (PCLN) and Expedia Inc (EXPE), eating into WEB’s market share. Has this news fuelled an over reaction, or is the future profitability of Webjet truly under threat? Is WEB on your watchlist?