Nick Danaher of Domando Capital Management said during his presentation today that TRIP was ‘an easy double’ and ‘possible multi-bagger.’ Almost immediately thereafter, the stock cascaded lower in what could only be described as a ‘non-game changing’ quarter.
Investors are tripping over themselves, trying to blow out of TRIP in the after-hours.
If you enjoy the content at iBankCoin, please follow us on TwitterAfter the market close, the Needham, MA-based online travel company posted adjusted earnings of 32 cents per diluted share, which fell short of analysts’ expectations of 46 cents per share.
Revenue declined by 3% to $352 million year-over-year and was below Wall Street’s forecasts of $370.5 million.
There should be a Shon Portfolio to see how it performs on a yearly basis. Quite frankly, with the combo of shorting, hedging, and going long, if you combine all of it together, you’ll probably get a decent return.
Employs 3008
That’s 3008 people who shouldnt have jobs
They provide info to the public in excahnge for ads – seems like a decent business model.
I think this is a case of a good company whose stock got way ahead of it. Will be a good buy once it bottoms, probably in the 30’s. I can’t understand how it eer got to $100/share