8/5/24 - $plya - Dip buying if/does $7
8/5/24 :: VROCKSTAR :: $NASDAQ:PLYA
Dip buying if/does $7
- best in class all inclusive operator (properties, management)
- over 5% fcf (to EV) but half capital stack debt
- consumer probably delaying booking (so window probably doesn't look amazing) and in a seasonally slow period
- mgmt typically conservative
- also a dip buyer here. have been patient for some time. hope i can snag it near $7 or ideally below, but it's not a need to own for me in this environment at this current px given what other risk assets are doing/ opportunities opening up
Dip buying if/does $7
- best in class all inclusive operator (properties, management)
- over 5% fcf (to EV) but half capital stack debt
- consumer probably delaying booking (so window probably doesn't look amazing) and in a seasonally slow period
- mgmt typically conservative
- also a dip buyer here. have been patient for some time. hope i can snag it near $7 or ideally below, but it's not a need to own for me in this environment at this current px given what other risk assets are doing/ opportunities opening up
Note
filled 50 bps at $7.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.