I have predicted it before but predict again – the imminent trading statement from Thomas Cook (TCG) will be a profits warning. Of that I am certain. My question is whether its self-important and image obsessed CEO Harriet Green gets a one way ticket out of the building the same day.
A former leading transport analyst who still retains a very high City profile has this morning launched a blistering attack on Harriet Green the self-publicity addicted CEO of Thomas Cook (TCG). Is this just sexism in the City or is this fair comment. Read on and judge for yourself. Our man writes:
Shares of Thomas Cook (TCG) have stood out in several key ways over the past year, and not only because this company effectively came back from the dead and would have annihilated a multitude of bear traders in the process.
Shares of Thomas Cook (TCG) have been and remain one of the charting phenomena of 2013 to date. They have soared from below 50p to 153p since January. There is more to come.
I offer no comment on this weekly feature it is a simple matter of observation. The two tables below show the most active discussions on the ADVFN and iii Bulletin Boards as of a Thursday morning.
The problem with buying into Thomas Cook (TCG) shares in the recent past is that despite the way that the recovery on the daily chart looked extremely appealing, the £1.6 billion debt pile was significantly more than the market capitalisation of the group.
At one stage in the recent past it did appear that tour operator Thomas Cook (TCG) may be heading for that Great Package Holiday in the sky, with the share price touching as low as 13p at worst.
Given that I knew the call on tour operator Thomas Cook (TCG) might be around for quite a while I rather gingerly suggested in my book written in November, Lessons From The Financial Markets For 2013 that above 25p the stock could be headed for 35p by the end of the first quarter of this year.
