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