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Is Priceline Eating Expedia's Lunch?

Owning Priceline (PCLN) is like watching a horrible movie. You keep watching it go down hoping that at some point the stock is going to rebound but it never does. That's how I feel it has been anyway. The last time I purchased shares in the company was this week because I continue to believe it can rebound as I think people will spend money on vacations with the extra money they have in their pockets with the cheap gas these days. But I always say that one must stay prudent and do some homework on the names in their portfolio. In the last article I wrote about the company, I stated, "I'd like to see Priceline increase its sales on the assets it currently has and eventually pay a dividend or purchase a beaten up company with all those retained dollars." The stock remains below my purchase target… Read More …