Opinions
Gordon Reid
Despegar
DESP-N
PAST TOP PICK
Aug 19, 2025
$19.500
Stock price when the opinion was issued
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TOP PICK
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.
Technology
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.