Top Small-Cap Stock – Priceline.com (PCLN)
“Buy Below” price: $222
Picked by: Louis Navellier, editor of Emerging
Strategy: Small-cap growth stocks
Priceline.com (PCLN) allows buyers to name their own price for everything from airline tickets to rental cars to cruises. You may
not think that travel spending is very high right now, but the bottom line is that value-conscious consumers really love Priceline’s ability to ‘haggle’
on prices. This has allowed the website to become an oasis for cash-strapped consumers and generate huge numbers even during the recession.
Need proof? Consider that a few weeks ago Priceline posted Q4 profit that was more than double the previous year’s performance! Sales also
grew at a healthy pace, up 33% over last year.
- Poll of the Day