Whomever is selling did not read their latest earnings report or its guidance
Read their latest quarterly report. I looked at insider trades and they are just stock option trades.
In any case their earnings is just about the best in this new batch of stocks.
Also they provide a great service worldwide. Higher quality than their competition by far.
i read the earnings report and they only earned $5 million during the quarter, which was actually down from the previous year. revenue growth with no profit growth is meaningless. with a very high p/e, homeaway is going to continue to melt shareholder equity.
financial do matter and employee stock expense is a REAL expense that robs from shareholders. i'm glad the markets are finally sending a message to these companies.