Can't Wait for Groupon? Buy Some Expedia! - Cramer (EXPE)
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Price: $265.63 --0%
Rating Summary:
21 Buy, 38 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 20 | New: 7
Rating Summary:
21 Buy, 38 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 20 | New: 7
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For those who can't wait to play Groupon's IPO, perma-bull Jim Cramer humbly suggested investors take another peek at Expedia (Nasdaq: EXPE).
Cramer pointed out Expedia and Groupon are cut from the same cloth, and even hashed a travel partnership recently.
Further, Expedia is deriving value from its Trip Advisor review site, which Cramer contends could be more valuable if the unit was spun-off into a separate company. He noted Trip Advisor is growing revenue at 20 percent.
Expedia shares are trading up 0.75 percent Tuesday amid the Cramer tout.
Cramer pointed out Expedia and Groupon are cut from the same cloth, and even hashed a travel partnership recently.
Further, Expedia is deriving value from its Trip Advisor review site, which Cramer contends could be more valuable if the unit was spun-off into a separate company. He noted Trip Advisor is growing revenue at 20 percent.
Expedia shares are trading up 0.75 percent Tuesday amid the Cramer tout.
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