Is Switzerland's Dufry the ultimate 2021 reopening play? Ticker DUFN or DUFRY. Duty Free Time Baby!

Freaky discloses, at the time of publishing this video, he has an active position in the ADR of DUFRY, ticker DUFRY, on the New York Stock Exchange. Furthermore, for transparency, this position is expressly shown during the video. He may add to or sell this position at any time after publishing.

Dufry might just be a top performing reopening play over the next 1-4 years. Many people think of large physical assets like cruise ships and airlines as the ultimate leverage to a reopening... without thinking about the small guy in the middle. #Dufry #Dutyfreerocks #is8billioninrevenuessmall?

With the decline in international travel, Dufry has been slammed during the covid shutdowns throughout 2020, with a material 70% decrease in sales. Management has reacted prudently, aggressively taking over Hudson's during the pandemic, whilst cutting costs to stay alive. While its financing actions have diluted potential future earnings doing so has ensured liquidity during the pandemic.

In todays video Freaky takes a further dive into IFRS 16 regarding the front load burden of the change in the context of 2019 numbers, as well as the painful cost cutting it had to take during the shutdowns (400M CH of which is said to be permanent). While cutting cost is one lever, the strengthening alliances management was able to execute on with China during 2020 is another, additionally acquiring Hudsons on the cheap during the covid panic will likely also prove smart. Overall, management appears able to make strategic decisions during one of the toughest times it will likely face as a company (suddenly down 70% YoY in revenue is not an easy place to be in). Freaky believes these hard decisions made during a tenuous time might point to be a very fruitful future for a company that finds itself still 50% off from the initial covid panic...

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Видео Is Switzerland's Dufry the ultimate 2021 reopening play? Ticker DUFN or DUFRY. Duty Free Time Baby! канала Freaky Finance Fellow