EXPEDIA INC (EXPE) – The Poorman’s Priceline.com(PCLN)


Expedia (EXPE) reported earnings last week that beat expectations. The stock took off like a rocket before pulling back in the afternoon. It seems travel is not being effected by the Eurozone mess, and quite honestly, looks in very good shape. We like Expedia (EXPE) as the POOR MAN's Priceline.com(PCLN). Company did $3.4 bil in revenues last year and has a 5 bil market cap. Something has to give. Expect the bandwagon to get crowded and Expedia(EXPE) to keep pushing towards $50 this week. The stock is currently trading at 43.40.

Disclosure: We have May 19th 45 calls @ .60/.65/.75

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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