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IBDvalueinvestin (98.36)

Moody's upgrade coming for EXPEDIA after earnings Triple.



August 04, 2010 – Comments (1) | RELATED TICKERS: EXPE , BKNG

On Monday, Moody's Investors Service said it is considering upgrading the credit ratings of online travel company Expedia (EXPE), thanks to forecasts for growth in the travel industry and Expedia's strong financial results during the recession. Expedia said last week that its second-quarter earnings nearly tripled compared to last year, as consumers revved up their travel spending.

1 Comments – Post Your Own

#1) On August 04, 2010 at 12:09 PM, IBDvalueinvestin (98.36) wrote:

Online travel companies at a thresh-hold.

USA travel sales are now over 50% done online.

Pretty soon the local travel agent down the street corner will go the way of Blockbuster and other video stores.

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