Agree that thomas cook generates majortiy profit from Quess Corporation.
But what I understand is Thomas Cook itself generate free cash flow and enjoys Forex market with 52% market share and also performing well on corporate holidays.
Prem Wasta is using this cash flow from thomas cook to buy business which are generating free cash flow below 10times valuation.
So lets see how the story pan out and is he able to buy some another good companies like Quess that can add significant value to Thomas Cook.
Disc : Invested and has positive bias
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