The Brexit selloff has turned to gains for the major indices, but a few sectors are still trading lower and with an air of uncertainty around unknown risks. In response to the uncertainty about the regional economy, trade and the ability to move workers easily investors are focusing on the negative consequences of the vote. #-ad_banner-#One company in particular could see an upside in overall sales, as well as a higher market share in its business segment. If the potential for stronger sales were not enough, shares are trading at a 35% discount to the long-term price multiple. Air Traffic… Read More
The Brexit selloff has turned to gains for the major indices, but a few sectors are still trading lower and with an air of uncertainty around unknown risks. In response to the uncertainty about the regional economy, trade and the ability to move workers easily investors are focusing on the negative consequences of the vote. #-ad_banner-#One company in particular could see an upside in overall sales, as well as a higher market share in its business segment. If the potential for stronger sales were not enough, shares are trading at a 35% discount to the long-term price multiple. Air Traffic Is Improving And Could Be Ready To Jump Ryanair Holdings (Nasdaq: RYAAY) is Europe’s largest airline by passenger traffic with service throughout the region, counting Britain as its single largest market. Shares plunged 17.6% after the Brexit vote and are still 19% off their 52-week high set in December. Shares have tumbled despite strong passenger traffic growth. June traffic was up nearly one million passengers to 10.6 million compared to 9.5 million in June 2015 even after having to cancel hundreds of French flights due to a strike by air traffic controllers. The company’s load factor, the percentage of… Read More