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Expedia's (EXPE +20.1%) stellar Q2 report, which featured a 22% Y/Y jump in hotel bookings,...

Expedia's (EXPE +20.1%) stellar Q2 report, which featured a 22% Y/Y jump in hotel bookings, ended up fueling a strong rally in online travel stocks. PCLN +8.9%. OWW +7.3%. TZOO +4.9%. KYAK +2.8%. During its earnings call, Expedia guided for low double-digit 2012 revenue growth (consensus is for 10.6%) and high single-digit EBITDA growth. Still, Pac Crest is on edge over comments about weakening Southern European demand, and Deutsche thinks Priceline is a better buy. (Q1 rally)
Comments (2)
  • (PCLN) is a better buy
    on last dip we put on
    STO Oct 595 P #5 to BTO Aug 610 C #5
    for even money up big.
    27 Jul 2012, 05:58 PM Reply Like
  • Up big? Why does your profile say your clients make 10-20% a year with 50% margin. Index fund does better with less risk.
    27 Jul 2012, 06:01 PM Reply Like
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