Ludicrous
Am I the only one who wonders about the sanity of the city pricks in red braces?
The reality is that Thomas Cook have indicated that in light of various perfectly understandable market factors largely beyond their control they expect to make a profit of £320m in a major recession rather than the £380m they expected. To make a profit at all in the current climate is impressive enough.
It hardly warrants a sell off of such magnitude that the share price drops by a third.
I'm afraid these jumped up city analysts need to learn something about business and economics and lay off the boozy lunches a bit. this is what happens when you have a load of barrow boys running things who just follow what the guy sitting next to them is doing like sheep. Frankly the lot of them need to grow a pair.
I don't work for Thomas Cook but I'd like to and it annoys me that having caused the bloody recession, the banking crisis and the liquidity crisis in the first place these ass wipes are over-reacting to every minor trading update.
(3 years Commerce Degree, 12 years blue chip mgt, and the past few years at the controls of an airliner)