Seeking Alpha

As we will show in this article, we believe that Expedia (EXPE) is a good mid-term long opportunity on a combination of unrealized potential, recent weakness, and its elevated short float at nearly 12%. While the company is operating at a 40+ PE ratio, the company is below 15 in future PE, and we believe that the market is not correctly valuing the potential of EXPE moving past 2013. The combination of the company's overhaul of old technology, growth of its investments in companies like trivago, eLong (LONG), and VIA for Egencia, and mobile growth make us believe that Expedia has strong upside. In our "Bear Case," we will refute current negatives that investors and analysts...

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