The lawsuit might just have been settled, but what has been clearly settled so far in 2013 is Wall Street’s appetite for this small-cap stock. OWW is up 130% year-to-date, and now that the American headwind has been removed, I think more money will flow into this strong travel play.
In addition to the momentum buying in the shares, Orbitz is a company that I suspect will keep seeing good fundamental growth in good times or bad. If the economy continues to improve, more people will look to travel and take vacations. If the economy slows, then more travelers will look to Orbitz to book the cheapest flights and hotel rooms possible.
Either way, OWW wins.