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DESP - Despegar.com: A COVID-19 Vaccine Play That Nobody Is Paying Attention To
Despegar.com Corp.
Despegar's stock has been decimated by the COVID-19 pandemic and rightly so; business has fallen off a cliff with a slow slog recovery facing it.
The company has an extremely asset-light business with ample cash to keep it afloat until 2022-23 when its fortunes may change dramatically.
With its competitors Booking.com and Expedia rallying sharply from the March lows, Despegar has been left behind and is a compelling opportunity and value at the current price.