Given improvements in underlying business, rock solid balance sheet, and potential catalyst of a new CEO within 6-12 months --- The stock could reach $30+ per share within the year. Some people make this a personal battle. No reason for that. Just look at the charts and underlying business build. Stock previously overshot on the upside (@$100) and downside (@$8.00). Fair value is probably $20-$40.
I guess I duped myself. I am buying puts. But u may be right. Nothing seems to hurt PCLN. Euro drops like a brick and it doesn't matter. People will rationalize ...well now Europe on path for higher growth. I just dont see it.....but can't argue with Mr. Market. They seem to like it..and PCLN goes up. Amazes me, yet there it is. I was wrong on direction.
It may take a year or two before full impact is apparent. GOOG will be a real competitor and this can only mean slower growth and margin compression for PCLN. And GOOG is an 800 pound gorilla. Will AAPL enter the trade next to serve up travel services?
Solid balance sheet. No debt and fat cash cushion. Growth estimates higher. Spreading adoption of 3D. Cash flow positive. Momentum building. Accumulate on small pullbacks. This baby could do what NFLX did in 2013.