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Baron Funds Comments on priceline.com

May 24, 2012 | About:
Holly LaFon

Holly LaFon

248 followers
From Baron Funds first quarter letter: priceline.com, Inc. (PCLN) is a leading online travel agency that operates several online sites including Booking.com, priceline.com, RentalCars.com, and Agoda.com. Shares of priceline.com were up 53.4% in the quarter following the release of strong fourth-quarter results. We believe priceline.com is a well-managed company that still has a large global opportunity in online travel. Its penetration of the European market is still well below 10%, giving it an opportunity to significantly expand its booking.com brand. (Ashim Mehra)

Rating: 3.0/5 (4 votes)

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