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Bull of the Day

Priceline.com (PCLN)

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By: Zacks Equity Research
March 08, 2010 |Comments: 0
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Priceline.com (PCLN) is one of the leading online travel companies in the world. The company's fourth quarter results beat the Zacks Consensus Estimates on both the top and bottom lines.

Management expects strong double-digit bookings growth in the first quarter, although international is expected to grow faster than domestic. The company saw double-digit growth in revenue, gross profit dollars and operating profit dollars during recession-hit 2009.

The current momentum in the business -- international growth opportunities, good execution, prudent marketing strategy and strong financial position -- are positives. Occupancy tax-related litigation and declining ADRs are areas to watch. We are reiterating our Outperform rating on PCLN shares.

Priceline.com (PCLN) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on PCLN

 

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Market Summary Feb 10, 2012 17:15 pm ET
DJIA 12801.23  -89.23 -0.69%
NASD 2903.88  -23.35 -0.80%
S&P 500 1342.64  -9.31 -0.69%
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