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Chrysalis · 23-11-2011, 19:13

Shocking buying back shares, and then even worse doing things like buying planes.

Now what I cant see reported is what their annual profits were, as currently they losing money at a horrific rate. If their profits were low during their good years eg. sub 100m a year, then I think its game over.

The only good part of their investment was probably the online stuff, but even that looks to be overspent as they shouldnt be needing to spend 10s of millions to setup a online system.

23-11-2011, 19:13	#9
Chrysalis Inactive Join Date: Sep 2003 Posts: 12,047	Re: Thomas Cook in Financial Trouble Shocking buying back shares, and then even worse doing things like buying planes. Now what I cant see reported is what their annual profits were, as currently they losing money at a horrific rate. If their profits were low during their good years eg. sub 100m a year, then I think its game over. The only good part of their investment was probably the online stuff, but even that looks to be overspent as they shouldnt be needing to spend 10s of millions to setup a online system.