, Columnist
There’s Still Hope for Thomas Cook After Its Travel Fail
A terrible day for the stock widens its deserved discount to rival TUI. But with activists circling, all is not lost.
Who needs Ibiza?
Photographer: Tolga Akmen/AFP/Getty Images
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Two years ago, Thomas Cook Group Plc was Santa Claus, rewarding shareholders with the first dividend in five years. Now it has turned into the Grinch, with an ugly profit warning on Tuesday and a decision to ditch the payout.
The shares fell as much as 33 percent. It’s clearly a very difficult time as the company struggles to cope with a confluence of factors that have knocked it off course. But all is not lost.