| Stock (Symbol) | Stock Price | |
Priceline.com (PCLN) |
$666 |
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| Data is as of | Expected to Report | Sector |
May 23, 2012 |
Aug 3 |
Retail & Travel |
| Sharek’s Take | ||
Note: the data from this article is as of May 23rd. I’m writing the words the morning of June 6th (before the open). I was waiting on the stock to come down to a low level before I evaluated it because I wish to buy more shares. PCLN closed at $620 yesterday. Almost every client owns PCLN with a cost basis of $105. |
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| One-Year Chart | ||
 On February 28th PCLN broke out after reporting 2011 Q4 earnings. The close the day before was $592, then the next day PCLN opened at $635 — and ran to a high of $775 by early April. Yesterday the stock closed at $620. The P/E is now down to 20. It’s a buy. |
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| Earnings Table | ||
 Profit growth was a stellar 61% last quarter — and this stock is selling for 20 times earnings. Bargain! Sales grew 20%.PCLN beat the street by 35 cents. The percentage beat was around what the company did the prior two quarters. Annual Profit Estimates increased, with 2014’s numbers climbing the most. Quarterly estimates show 30% growth coming. PCLN should beat and get 40% to 50% growth (or more). Note: the Summer Olympics are coming to England July 27 to Aug 12. PCLN’s European division Booking.com will do well. |
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| Fair Value | ||
 I continue to “feel PCLN should get a P/E of 35 and remains extremely undervalued”. |
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| Ten-Year Chart | ||
 The stock went on a little bit of a run this year and was extended. Now the stock’s corrected and at 20 times earnings is cheap for a top-flight growth stock. |
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| Power Ranking | Bottom Line | |
Growth Portfolio
2 of 15 |
Priceline looks to open around $625 this morning. The stock is worth more than a thousand dollars a share. It’s selling for only 20 times earnings. I will purchase more PCLN for clients today. It’s a buy.
PCLN is ranked 2rd in the 15 stock Growth Portfolio and 7 stock Aggressive Growth Portfolio Power Rankings. |
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Aggressive Growth Portfolio
2 of 7 |
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