Dane Capital Management, a New York-based hedge fund that focuses on value and special situations investments, is bullish on Yatra Online Inc (NASDAQ: YTRA). The fund’s comments about the company in its latest investor letter suggest that YTRA is a good long-term investment opportunity. Let’s take a look at Dane Capital’s thoughts on Yatra Online.
Yatra is the second largest OTA in India, the fastest growing large economy in the world, with a population expected to exceed that of China in the next several years. We believe the opportunity for the company is vast (anyone who invested in Ctrip 15 years ago would have seen their investment compound at ~30% annually). Yatra reported December results (their F3Q) on January 31 and despite upside, a strong outlook, and an initial move higher, the stock was 15% lower by late March and down 11.6% for the quarter. The company didn’t discuss worsening competition — if anything, they appeared quite upbeat.
India’s largest OTA MakeMyTrip was up 17% in 1Q. They had a solid, but not spectacular quarter, so it’s hard to identify a fundamental difference.
Like Limbach, Yatra had insiders distribute shares. According to this filing, on August 14th, Intel Corporation distributed its 2.18 million shares to the Intel Foundation. As of April 26th, the Foundation had 482,000 shares remaining. On January 18th, Norwest Venture Partners filed that they had distributed their 6.86 million shares, 19.88% of the company. In the filing it states that none of Norwest’s principals held shares as of December 31st. It’s not clear how much earlier than that the shares may have been distributed. Norwest had been in the position for 10 years, and a VC’s mandate is not to hold for 10 years. Again, we find it surprising that the company didn’t do an organized offering and instead pushed this into the market.
On February 7th, Habitat for Humanity filed that it held 2.2 million shares of Yatra (a 13G has to be filed within 10 calendar days of crossing the 5% threshold), which presumably it received from one of Norwest’s LPs and it has likely been a major force pushing shares lower.
The good news is that over the last 6 months, over 23 million shares have traded, with particularly large amounts over the last 2 months and the overhang looks cleaned up. The stock actually hit $5.63 near the end of March, before closing the month at $6.61, but has been on an upward trajectory ever since, with the stock now at $7.51 (up almost 13% for the month, and 33% from $5.63 in under a month).
The other good news is that Yatra still trades at a huge discount to MakeMyTrip, and we believe fair value is $15. Perhaps more importantly, we think this is a story still in the early innings with plenty of room to run over the next several years.
SNEHIT/Shutterstock.com
Yatra Online Inc (NASDAQ: YTRA) is a $277-million market cap consumer travel platform and online travel agent in India. The second-largest online travel company in India owns and operates Yatra.com and other associated platforms for leisure and business travelers. It provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises.
Shares of Yatra Online Inc (NASDAQ:YTRA) are down more than 15% this year so far. Over the past three months, the share price has dropped 14.50%, while it has tumbled 46.44% over the past 12 months. The stock has a consensus average recommendation of ‘BUY’ and a consensus average target price of $12.50, according to analysts polled by FactSet Research. The stock is currently trading at $6.23.
Meanwhile, some hedge funds tracked by Insider Monkey also see value in Yatra Online. As of the end of 2017, there were six funds in our database with positions in the company.
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
It’s the revolution reshaping every industry on the planet.
From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.
Here’s why this is the prime moment to jump on the AI bandwagon:
Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.
Imagine every sector, from healthcare to finance, infused with superhuman intelligence.
We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.
This isn’t a maybe – it’s an inevitability.
Early investors will be the ones positioned to ride the wave of this technological tsunami.
Ground Floor Opportunity: Remember the early days of the internet?
Those who saw the potential of tech giants back then are sitting pretty today.
AI is at a similar inflection point.
We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.
This is your chance to get in before the rockets take off!
Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.
AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.
The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.
As an investor, you want to be on the side of the winners, and AI is the winning ticket.
The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.
From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.
This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.
By investing in AI, you’re essentially backing the future.
The future is powered by artificial intelligence, and the time to invest is NOW.
Don’t be a spectator in this technological revolution.
Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.
This isn’t just about making money – it’s about being part of the future.
So, buckle up and get ready for the ride of your investment life!
Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)
The AI revolution is upon us, and savvy investors stand to make a fortune.
But with so many choices, how do you find the hidden gem – the company poised for explosive growth?
That’s where our expertise comes in.
We’ve got the answer, but there’s a twist…
Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.
That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!
Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.
This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.
It’s like having a race car on a go-kart track.
They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.
Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.
We want to make sure none of our valued readers miss out on this groundbreaking opportunity!
That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.
For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!
Here’s why this is a deal you can’t afford to pass up:
The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.
Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.
Here’s what to do next:
Head over to our website and subscribe to our Premium Readership Newsletter for just $29.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.
Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!
Precious metal gold finished 2023 at $2,062.40 per troy ounce, gaining 13% for the year after hitting an all-time high of $2,135.39. This was the highest annual close on record.
Gold prices surged in the last few months of 2023 after a powerful rally was sparked by central bank purchasing and mounting investor interest. Central bank demand, primarily from EM institutions, was a significant contributor: which added an estimated 15% to gold’s annual performance.
Fed interest rate cuts and falling U.S. real yields will once again become the key drivers behind gold prices in 2024.
What are experts predicting?
JPMorgan has said gold will peak at $2,300/oz in the third quarter of 2025.
Sean Casterline, the president and senior portfolio manager for Delta Capital Management has said: “We expect gold to move higher and be one of the market-leading sectors for 2024.”
The World Gold Council outlined its 2024 outlook, the possible scenarios for the global economy in the year ahead. The most probable outcomes—either a soft economic landing or a recession—each would support gold prices moving higher. “This should encourage many investors to hold effective hedges, such as gold, in their portfolios,” the council said.
The gold market has outperformed many key asset classes over several periods. The metal is well positioned in a period of low interest rates and political, economic, and social uncertainty. It also offers a unique correlation with the broader equity market in different return scenarios and experiences less volatility than many markets.