4 ms·
> 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 qua
by 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.