Expedia Group: No Moat And Declining Margins – Sell

Expedia Group Inc (EXPE) is a leader in the online travel agency market and most investors have probably used the company’s websites at some point. The company recently reported Q3 2019 earnings and the stock had the single worst one-day drop in its history of about 27% decline. The drop got my interest since the company also pays a growing dividend. In fact, Expedia is a Dividend Challenger having raised the dividend for nine consecutive years. But despite the large drop in stock price the yield is still low, the company is facing increasing competition, and operating and net margins have declined substantially in the past 10-years. For these reasons, I view Expedia as a sell.

Please read the complete article at my profile on Seeking Alpha.

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