BKNG - Turning Regrets Into Gains: Investing In Booking At Last

2024-01-30 10:30:01 ET

Summary

• My investment in Airbnb compared to Booking Holdings two years ago taught me a valuable lesson.
• In the meantime, Booking's consistent outperformance and positive industry outlook indicate sustained growth prospects.
• Management's prudent, but favorable capital allocation policy (buybacks) should contribute to double-digit EPS growth for years to come.
• Despite the stock trading near all-time highs, vibrant EPS growth prospects and a reasonable valuation form a compelling investment case.

I've never been a fan of hotels when traveling abroad. The monotonous atmosphere and lack of local charm always left me wanting a more authentic experience, something that Airbnb, Inc. (ABNB) readily provides.

I understand that opinions on this matter differ, with some favoring hotels for their perceived comfort and criticizing Airbnb for its perceived lack of host accountability and quality assurance....

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