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Old Is New Again In Online Travel

Summary

The online travel sector still has huge potential, especially overseas.

Three former leading stocks are now reinventing their businesses, and could become leaders again.

Our top pick is not so heavily tied to China.

by Michael Cintolo, Chief Analyst, Cabot Growth Investor

Over the past decade, we've seen a bunch of winning stocks have two, three, and even four lives as they reinvent their businesses (like Netflix (NASDAQ:NFLX), moving from DVDs by mail to streaming content) or come out with new blockbuster products (like Apple (NASDAQ:AAPL), with the iPod, iPhone and then iPad) every couple of years.

It usually isn't like this-most big winners peter out due to competition and market saturation after a couple of years-but for whatever reason (maybe the relative lack of entrepreneurship has kept the top talent at these successful big-cap firms), this pattern has played out many times since 2003.

We're seeing it now in the online travel realm...


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