2024-03-14 21:55:48 ET
Summary
- Expedia Group has undergone significant changes in the past decade, including a crisis during the COVID pandemic and a reshaping of the business under CEO Peter Kern.
- Despite initial market pessimism, Expedia is considered an undervalued and excellent business, making it a good investment opportunity.
- The company has improved its financial health, reducing long-term debt and increasing cash flows, and has implemented a new business model focused on online platforms and recurring customers.
Expedia Group ( EXPE ) has had an interesting journey over the past decade. Starting out with impressive growth, it soon found itself in crisis when the COVID pandemic hit. Peter Kern took the helm as CEO in 2020 and worked to keep the company alive and reshape it for a brighter future. As Kern's contract is complete, Q4 earnings served as a passing of the torch, while he summarized his accomplishments....
Read the full article on Seeking Alpha
For further details see:
Book A Trip To Undervaluation With Expedia Group