Finance guru's warning to investors hoping to cash in on end of lockdowns and ...
Finance guru's chilling warning to investors hoping to cash in on the end of lockdowns and re-opening of borders - and the stock he says you MUST avoid Finance guru Phil King has warned investors about rash decisions post lockdown Many investors regard Flight Centre as a 'safe' option as borders finally reopen Mr King firmly disagrees and pointed to mass national store closures in 2020 Most travel companies and video teleconferencing should also be avoided
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A finance guru has issued a chilling warning for investors looking to cash in their stocks post lockdown as borders begin to re-open across Australia and overseas.
Phil King, who is the co-founder of Regal Funds Management, also revealed what stocks he firmly believes should be avoided.
One well known company was firmly in his sights, the largest retailer of travel in Australia - Flight Centre.
Pointing to many people now booking their travel online rather than in-store and the slow business recovery post the pandemic, he is adamant shares in Flight Centre are set to plummet.
Despite a current level of close to $17.33, Mr King labelled the price a 'short', a common financial
