Posted
May 12 2008, 08:59 PM
by
Dave Dispennette
Foreign Stocks
CTRP @ $62.74 (Ctrip.com) is a China-based consolidator of hotel accommodations and airline tickets targeting individual business and leisure travelers. Revenues have accelerated 54%, 59%, 63% and 69% during the last four quarters. Earnings have also accelerated, rising 33%, 57%, 73% and 107% during the same time frame an dare expected to grow 41% next year to $1.52 a share. With earnings on Wednesday and Priceline's recent strength after another strong quarter, we would like to establish half a position before earnings and add the remaining half on any weakness after earnings that brings the stock into the $57 area. Our stop loss will be set at $52.
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