Yesterday the stock for Orbitz Worldwide Inc. (OWW) closed 10% higher than the day before. Not too shabby. As a frequent visitor to online travel websites I was interested to hear that. What happened? Why the good day? Well, Orbitz filed their 8K and their revenues beat the Street expectations. Not by much, but enough to give the traders something positive to trade on for a change.
Okay, so that is all well and good, but since I am pretty familiar with these online travel websites, I find it interesting that Orbitz was up. I have never found the best fares on Orbitz. In fact, they are rarely in the running for finding me what I need and when I need it. While I like the site layout, it is all about the bottom line. The best travel website that I have found is Kayak.com They go to all the other sites and tell you which site has the best rates for the exact flights or hotel you are looking to book.
So the only other option that came to mind for why Orbitz might have traded up was that they have the absolute best pop up ads on the internet. I don't care how busy I am, I always have time for a round of Orbitz golf.
The trick on this one is to ramp it to the apex of the slope and bounce it off the bottom wall back into the hole.
As you can see, I am a "master in the making." And with shameless compliments like that, Orbitz can expect their stock to continue to rise in my portfolio.