Which way to the Moon Alice?
To the moon Alice, To the Moon I say!
Hello again all! Decided to pin another pick on the board today. I'm interested in Make My Trip (MMYT). This recent IPO is in a sector that has been on fire as of late, with Priceline leading the way. What makes this stock interesting in my eyes is that it's an Indian online booking agency. Pretty cool since India's middle class is growing like a weed. They have been doing business in the US for years now, and they also own the market share in India by a whopping margin. Growth, Bigtime Growth. My opinion is that this one could easily be bought out before the growth actually accelerates. If that doesn't happen, I can see this company expanding into the Middle East and Asia, stealing market share from other competitors in this space. Began an initial position in the stock at $30, but I had to put the bowls of cat-food out this morning again. Yep, you guessed it, she went for the "Buy MMYT" bowl, so I added more at 32.70 today. :)
To the Moon!