Expedia Group has been hit hard by COVID-19’s impact on travel, losing over half of its normal sales this year.
EXPE launched higher on its recent Q3 earnings report, however in looking closer at the data, I believe that the company is facing long-term difficulties.
A few major issues facing Expedia include a weak moat and growing competition, particularly from Google which has major marketing advantages.
If we assume a full recovery will occur then EXPE appears undervalued. However, after accounting for its significant debt and declining profit margins, the stock appears expensive.
READ FULL ARTICLE HERE
