trade the pullbackAccording to the CFRA, its "12-month target price of $72 reflects an EV/ EBITDA multiple of about 12.5x our 2022 estimate, a notable discount versus its hotels and lodging peers ... potential upside on the recent strategic realignment with the expected return of leisure travel spending, potentially by H2 2021. Meanwhile, in May 2020, TNL suspended its share buybacks, and in late-July, it set a 40% reduction to its dividend (3.1% yield), which was followed in August by the issuance of about $575 million in asset-backed notes, among other actions to shore up its liquidity. Consequently, with about $1.2 billion in cash (plus about $400 million availability under a revolving credit facility) ... the company has relatively ample liquidity cushion in the near term while it continues to navigate the Covid-19 disruption."
TNL trade ideas
TRAVEL PLUS LEISURE Opportunity DailyHello traders, TRAVEL PLUS LEISURE is in a bearish fake combination with a shooting star form and a paid sales volume faker return. By zooming the TIMEFRAME M1 we see a dash with a low volume of past purchase, it is about to integrate the range (rectangle). To check the different levels of the bollinger as well as the VWAP and come and test the top of the range. It is very plausible to breakout the price with the return of momentum at the same time ranges it to join the next one and reach the next high.
Before the breakout of a range (see TIMEFRAME M1) for this confirmation followed by a next strong resistance to give way.
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