Seeking Alpha

Long story short: It's Priceline not Qualcomm at $1,000 a share

  • Priceline (PCLN +0.1%) became the 9th publicly-traded company in the U.S. to trade in quadruple digits yesterday when it closed at $1,000.62. It's a level of rarefied air the stock is maintaining today.
  • The company is the only tech concern on the list, although Qualcomm was the recipient of a bubble-marking $1,000 price target from Paine Webber in a different era.
  • The most recent momentum from Priceline has been spurred in part by solid growth at Booking.com and Agoda.com.
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Comments (5)
  • WMARKW
    , contributor
    Comments (10471) | Send Message
     
    Wow....PCLN makes 3x more than Marriott. Go figure.
    20 Sep 2013, 05:00 PM Reply Like
  • jackscure
    , contributor
    Comments (43) | Send Message
     
    Biggest SCAM in SCAMerica
    20 Sep 2013, 08:11 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    Take her away Mr. Sulu
    21 Sep 2013, 10:04 AM Reply Like
  • Bouchart
    , contributor
    Comments (780) | Send Message
     
    So looking at some rough figures here, Priceline, which books flights, has a market cap of about $51 billion. Boeing, which actually builds aircraft, has a market cap of $88 billion.

     

    Really?
    21 Sep 2013, 11:13 PM Reply Like
  • sreimer77
    , contributor
    Comments (241) | Send Message
     
    Bubble? 54 Billion market cap now. A company that offers a service with no MOAT and easy switching costs, with many competitors is worth more than most S&P 500 companies... Have gone short!
    2 Oct 2013, 09:48 AM Reply Like
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