Thomas Cook - closing out

All,

We have had a great ride with Thomas Cook, but we feel it is time to close out the trade and wait on the sidelines for a bit. Upside and downside appear relatively balanced from here and we feel that between now and summer there will be little news aside from what the company choses to release - which will presumably be a positive selection.

Please find our updated analysis here.

Unless we have a sudden change of heart, we will be using the next few days to close out of our position. 

That said, we will remain very interested observers from the sidelines, as there are certainly more chapters to be read in this book.

Wolfgang