01-13-2022, 08:41 AM
(01-13-2022, 07:39 AM)ken-do-nim Wrote: I had never looked at BKNG Booking.Com before. Wow is that P/E high! Hard pass.You really have to look at 2022 vs 2019 numbers, but unfortunately most of these hospitality companies have already priced in a strong recovery. BKNG at 2000 was probably a decent buy. Now up 20% just like that and it doesn't look as attractive. 30 PE is normal for them, and that is probably where they end up in a year if the share price remained flat from here.