Gordon Reid Despegar DESP-N TOP PICK Aug 23, 2024

Leading tech company in travel tech space. Part of US small cap portfolio. Has a relatively small weighting - so investors should be aware of risk in small cap companies. Able to generate high margins due to low capital requirements. Demand for travel continues to improve after pandemic. Trading 10x earnings, and 5x EBITDA. Geopolitical risk in Brazil, but overall a strong company. Will continue to own.

Gordon Reid

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$11.650

Stock price when the opinion was issued

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(A Top Pick May 15/25, Up 67%)Was bought on May 15, 2025

Their market is a younger demographic that travels more and has disposable income. It was trading 60-70% of Booking Holding in terms of PE, so was attractive and he bought it. Soon after, another company bought it. And he sold.

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Gordon Reid Despegar DESP-N TOP PICK Aug 23, 2024

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