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Baron Funds Comments on Priceline.com Inc.

December 06, 2012 | About:

priceline.com, Inc. (NASDAQ:PCLN) is a leading online travel agency that operates several online sites, including booking.com, priceline.com, rentalcars.com and agoda.com. Its shares fell after it reported a weak global outlook for its upcoming quarter, especially in Europe, which accounts for a majority of its cash flow. Despite the near-term macroeconomic headwinds, we remain positive on the company's longer-term outlook. Priceline's penetration of the European market for hotel rooms is still below 15%, representing, we believe, significant runway for the company to grow in that market. Further, the company's penetration in the fast-growing Asian travel market is also quite low, leaving additional room for growth.

From Baron Funds’ third quarter commentary.


Rating: 3.4/5 (5 votes)

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GuruFocus has detected 5 Warning Signs with The Priceline Group Inc $PCLN.
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