frdm45

Piper Makes Priceline.com an 'Internet Top Pick'

Are you kidding me? Priceline will keep on growing? Due to the combination of worldwide commodity/food inflation, declining home values, credit tightening, and of course HELLO oil prices (airline tickets are skyrocketing and airlines are currently undergoing massive, urgent downsizing), consumer discretionary income will take a big hit worldwide. People will cut back on the big trips such as going to Europe, Hawaii, Caribbean where priceline is useful. However, you don't need Priceline to plan a trip to the local Six Flags or to go camping, and these are the kind of trips the majority of people will be taking in the future. I don't think priceline is going to go away, but to continue to expect the kind of growth the company has had is to truly be optimistic. Maybe the analyst at Piper Jaffry and his buddies have huge disposable incomes and can afford glamorous trips; but that won't be the case for the average American or citizen of the industrialized world in the near future.