Why eDreams Is Winning in European Travel With Chadd Garcia (Ticker: EDR)
Today we released a podcast episode covering eDreams, a European online travel agency. We interviewed Chadd Garcia from Ave Maria Funds about the company. Here are some questions we asked him:
What is eDreams?
In the US, flights are not that compelling of a business for OTAs, why is Europe different?
Can you give us a brief history of eDreams?
How did you get involved with eDreams and why was it attractive to you?
So, you invested in 2019, what happened next?
How did COVID impact the business?
What is the Prime Program? What are its financial impacts?
What do you think the future is like for eDreams?
The stock results don’t look too great this year, why is that?
What do you think of the current management team? From what I can tell, they’re no longer buying back stock. Would you want to see them reintroduce the buyback program?
Premortem: How could an investment in eDreams go poorly?
Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.