Gamble of the week: A turnaround travel operator

Investing in this corporate travel operator is certainly a risky play, says Phil Oakley. But its turnaround strategy might just pay off.

Rising stockmarkets have made it much harder to find very cheap shares over the past year. When you do stumble across something that looks cheap, there is often a good reason why it's cheap.

So finding a 'gamble' candidate for this column often involves identifying a company that has one or two big problems that have depressed its share price. If the problems can be resolved, then anyone who buys in now might make a nice profit from the recovery.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.