PCLN (THE PRICELINE GROUP) P/E: 40.6 GAAP DILUTED YEAR-OVER-YEAR EPS GROWTH LAST QUARTER: $1.64 SECTOR: CONSUMER SERVICES ASSETS-LIABILITIES: 2 DIVIDEND: none Priceline is a vacation-booking company, offering services for flight reservation, hotel reservation, and car rental in one convenient place. In recent years, Priceline's revenues have grown above Expedia's, another major competitor in the field. They recently reported earnings on 5/9/17, and the recent market dip has provided an opportunity to buy shares at a discounted price. Compared to the comparable 2016 quarter, Priceline increased revenue by 13%. GAAP net income also increased by a substantial amount. The company also increased spending across the board, from advertising to “general and administrative.” Part of the growth in income is a substantial decrease in what the company reports as “cost of revenues.” Glenn Fogel, former investment banker and Harvard Graduate, is t...
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