I wonder how they are doing valuations? Expedia is worth about 16 billion. They have pretty steady positive cash flow. They have about 16% growth. Airbnb is pretty risky they might have better growth, but they are worth 30 billion?
Priceline is worth about 70B. They make 3B in cash a year. If you are investing at 30B valuation your upside might be 2x, but there is a ton of downside risk.
Comments
I wonder how they are doing valuations? Expedia is worth about 16 billion. They have pretty steady positive cash flow. They have about 16% growth. Airbnb is pretty risky they might have better growth, but they are worth 30 billion?
Priceline is worth about 70B. They make 3B in cash a year. If you are investing at 30B valuation your upside might be 2x, but there is a ton of downside risk.