Orbitz Worldwide, Inc. (NYSE:OWW)

CAPS Rating: 1 out of 5

An online travel company, which uses technology to enable leisure and business travelers to research, plan and book travel products.

Recs

1
Player Avatar TSIF (99.96) Submitted: 6/2/2011 5:18:45 PM : Underperform Start Price: $3.04 OWW Score: +21.74

Great news that Orbitz Worldwide, Inc won their court case against American Airlines. I just don't believe it was 33%, or $100 Million in Market cap good news. Orbitz stiff competition, negative margins, and reduced income are not going to go away. Debt, receivables, and accounts payable and a negative $600 Million in net tangibles need more help than getting American listings is going to provide especially after the $50 Million in new stock issued last year. Granted the 9% short interest will need to bleed through, but after that I expect Orbitz will return to a downward trajectory.

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Member Avatar TSIF (99.96) Submitted: 7/12/2011 8:30:48 PM
Recs: 0

I closed this one for 22 very quick points about 10 days after opening it. I guess no one rec'd another down pitch. I see orbit jumped 30% very late today (3.28) on news they partnered with Virgin Australia....I don't see that as a 30% adder either....my downthumb is ready, but I'll hold it until I see where the sentiment is heading....large up days sometimes oscilate as shorts cover......

Member Avatar TSIF (99.96) Submitted: 12/6/2011 1:24:46 PM
Recs: 0

Back down again at $4.27 today on this spike. Let's see if my short cover timing is better on this one...it's been a little off lately.

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