Thursday, April 14, 2011

Google

SELL THOMAS COOK


Investment bank Goldman Sachs has told investors to sell shares in Thomas Cook.

Goldman Sachs points to (1) the unrest in Egypt and Tunisia (2) more people booking hotels and flights over the internet and (3) the package-holiday business being "a zero-growth sector".

City giant downgrades Cook shares

Tui Travel (Thomson) is rated "neutral".

One of the problems of Thomas Cook is that it has gone so far 'down-market', and poor people are not overloaded with cash at the present time.

Another problem is that Thomas Cook is still promoting destinations that are past their sell by date.

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