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We struggle to find any particular reason to be bullish on Travelzoo (TZOO) stock. Aside from the near-term rebound opportunity due to being down ~50% post the COVID-19 selloff, the stock offers little to no upside in the long term. The business is in a secular decline as key metrics continue to weaken. It is, however, still just one of the many challenges at present. From a high-level view, the business lacks strategic direction and competitiveness. Moreover, COVID-19 will put more pressure on the travel industry and the business due to the