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Interesting, it seems like a company that had a very inflated valuation due to the dot-com bubble, was hit very hard when the bubble burst and it took almost 15
by Kurtz79 9y ago
Interesting, it seems like a company that had a very inflated valuation due to the dot-com bubble, was hit very hard when the bubble burst and it took almost 15 years for the stock price to get back to pre-bubble level...
- tedmiston 9y agoWell it's also a completely different company now with all of the acquisitions, such as Kayak. It would be interesting to know how the company's revenue is distributed amongst its companies.
- nobodyorother 9y ago> to get back to pre-bubble level Do you mean "rebubble," or is there some reason Priceline should be worth $100bn? They do about $400-500m in profit(?) a quarter, for $1.5-2bn/year. Is it the 22% margin that's so attractive? (https://www.google.com/finance?q=NASDAQ%3APCLN&fstype=ii&ei=4td4WbHRM8eI2AaNxYKACA https://www.google.com/finance?q=NASDAQ%3APCLN&fstype=ii&ei=...) Such a large margin might suggest they aren't making significant hardware purchases or that their rates could be undercut by a competitor, both of which would make me nervous as an investor for the long haul.
- deleted 9y ago[deleted]
- Danihan 9y agoThey were one of the only survivors of the dot com bubble though. Were they really valued at $70B+ back then?