At this point Expedia is appealing the ruling. I'm actually a bit surprised that the stock hasn't reacted more to this news.
For whatever its worth, the ZachStocks Growth Model (zachstocks.com/zachsto.../) had a significant position in Expedia since January, but we have recently reduced the position to a small number of shares as the price now appears much more in line with the fundamental value.
Thanks for the question - will be interesting to see how this one shakes out.
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At this point Expedia is appealing the ruling. I'm actually a bit surprised that the stock hasn't reacted more to this news.
Jun 11 14:55 pm
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All Comments by Zachary Scheidt »Expedia: An Opportunity in Travel [View article]
For whatever its worth, the ZachStocks Growth Model (zachstocks.com/zachsto.../) had a significant position in Expedia since January, but we have recently reduced the position to a small number of shares as the price now appears much more in line with the fundamental value.
Thanks for the question - will be interesting to see how this one shakes out.
Zach
zachstocks.com