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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Panita who wrote (21403)10/31/1999 12:40:00 AM
From: HandsOn  Read Replies (1) | Respond to of 108040
 
Keep an eye on CTIX, meltdown Fri. when an uninformed analyst on CNBC said to avoid it and the sector due to commissions for most travel agents being cut to 5%. After this He tried to pump STMP, nuff said about his credibility. CTIX gets only 6% of it's revenues from commissions and has over 500,000 exclusive routes under contract. They are the leader in the wholesale direct travel industry and still have a 15% margin structure. Approx. 60% of CTIX sales are from buying non published airfares from the carriers and then selling them to the public. Stock was at 66 3 months ago and closed at bid of 16 Fri. with a 9.4 mln. float. They beat est. on Oct. 25 .11 vs .09 while PCLN lost .08, looks like float is 10% or more shorts.