Tsogo Sun Hotels analysis
The bad news is, we are still far from recovery. The good news is the price has been in a stable zone for a good while. Establishing a good support line. The industry is still struggling and with a second lock down still possible (considering other countries are going back into lockdown), there as a good chance we will have to brace for a bigger storm. We could possibly see a below R1.00 share price if another lockdown lands and its best we keep that in mind. As a long term hold, potential returns are amazing and thats the only form of hope we are holding onto right now. For now we can expect these lows to stay the same possibly till late next year.
Hold.
Hold.
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