2024-04-22 11:30:01 ET
Summary
- Expedia has lost 15% of its value this year, driven in part by an announced CEO change in May.
- Still, the company is achieving strong lodging bookings, buoyed by resilient demand in the travel industry.
- The company's platform unification has led to a major infrastructure overhaul, boosting profitability.
- The stock trades at a cheap 12x P/E ratio against this year's earnings expectations.
The old adage is still true: the best time to buy is when others are fearful. While the markets continue to vacillate between gains and losses driven by escalating Middle East tensions and interest rate speculation, it’s also a great time to start migrating cash into equity positions that are well placed for a rebound....
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Expedia: A Confident Buy Before Earnings