Expedia, Inc. (EXPE)

patentprowler (66.38) Submitted: 9/15/2009 4:01:51 PM : Start Price: $23.89 EXPE Score: -3.94

They lost their hotels.com trademark and cannot protect that name on the Internet search engines. Consequently, they will start losing massive sales to competitors and that will start to show up on the bottom line.

AvaMac (< 20) Submitted: 9/4/2009 11:15:23 AM : Start Price: $22.61 EXPE Score: -4.62

Balance sheet shows $1.9 billion negative tangible value, current assets minus current liabilities is negative $800 million, cash flow for last year break even only because they increased liabilities. They have a small profit on paper but not nearly enough to cover the debt and the $800 million they need to come up with to cover the liabilities coming due in the next year. Add to this the declining economy and increasing competition and it looks bad for Expedia. To raise funds, they need to increase debt a lot or issue stock, both of which should drive the price down.

nesselsdorf1187 (98.95) Submitted: 7/29/2009 3:28:08 PM : Start Price: $19.64 EXPE Score: -19.71

Travel service provider. It is overpriced should go to more realistic level soon.

BERNHAT (69.10) Submitted: 7/21/2009 7:28:23 AM : Start Price: $17.36 EXPE Score: -33.68

EXPE is the 800 pound gorilla when it comes to online travel.
However, the consumer is overstreched and business travelling has fallen victim to cost saving efforts and alternatives (amongst others CISCO's video conferencing gear).
As I see it, the cake is hardly growing during the next 1 to 2 years. and the smaller wolves (PCLN, OWW, Travelocity) are still hungry and agressive (see booking and cancellation fee waving).
What can be worse than a price war and / or losing share in a shrinking market and at the same time having Barry Diller as chairman, who seriously belives that owning 9+ million shares renders the company to him as a private toy?
(Yes, I am talking about his last "self-buy-out" attempt, which if it had succeded, would have damaged the balance sheet for a pretty long time, if not to say irreparably).
I think, the run up of nearly 150% since March was driven by sentiment rather than by fundamental. And sentiment can change very fast. Alas let's shorten EXPE !

jmsmcdaniel (74.77) Submitted: 10/20/2008 11:45:54 PM : Start Price: $11.43 EXPE Score: -110.62

Economic hits mean people stay home, alas.

imnotgoodatthis (< 20) Submitted: 7/14/2008 5:15:36 PM : Start Price: $17.57 EXPE Score: -54.24

Nobody is going overseas. Price of flights are way too high and the value of the dollar is way too low.

kurthauer1998 (83.37) Submitted: 7/7/2008 4:44:34 PM : Start Price: $17.81 EXPE Score: -54.65

Entirely too many competitors

pigsfeet007 (93.46) Submitted: 2/10/2008 12:27:31 PM : Start Price: $24.90 EXPE Score: -17.65

Can some kind caps fool please qualify the following statement: Expedia has a moat.

I didn't think so. Thumbs down.

muñeca (< 20) Submitted: 7/18/2007 2:19:47 PM : Start Price: $29.42 EXPE Score: -12.45

The buyback is questionable. This buyout will not happen in time.