The possibility of increased travel among people following the coronavirus pandemic has resulted in a lot of interest among investors in travel stocks.
While big-ticket stocks like Disney and Airbnb are legitimately getting a lot of attention, it could be a good idea for investors to look into the little-known company Dufry (OTC: DUFRY) as well. The company operates a range of retail stores in travel hubs. It operates the Hudson convenience stores chain and on top of that, Dufry also owns duty-free shops in airports.
Since the onset of the coronavirus pandemic, Dufry has struggled considerably like most other businesses which are dependent on travel. However, it seems that normal life has returned in many parts of the world and travel is going to come back to life in a big way soon. Hence, it is no surprise that the Dufry stock has managed to gain considerable momentum in recent weeks. Investors could do well to keep an eye on this stock over the coming days.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.