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priceline-stock-pcln11/19 Price: $1,122
Market Cap: $57.7 billion
YTD Performance: +81%

It’s hard to believe (PCLN) is one of the most expensive stocks by face value. After all, the online travel company was a classic example of the dot .com boom-and-bust.

Shares went for more than $900 at one point in 1999. A year later they were below $10. But PCLN didn’t die, and after squeaking through the rest of the decade, went on a tear in 2010 and didn’t look back.

The stock is up 84% for the year-to-date — on relatively tiny volume, of course. An average of fewer than 8,000 PCLN shares change hands every day.

Priceline has a forward P/E of 22, but then, earnings are forecast to grow at an average pace of almost 20% a year for the next five years or so.

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