Sunday, September 08, 2013

Orbitz market cap reaches $1b

Tonight as I looked through my most popular blogs, in the top 3 was a story in my Pedigree Series about Orbitz.    At the time of the article, just a little over 2 years ago, their market cap was just $233m and they were embroiled in a battle with American.

The suit is now history and in checking their market cap as of Friday, it was $1.03b.  Bravo to Barney and the management team for not only quadrupling the value for your shareholders, but for achieving the recent stock growth against your peers.  Expedia and Priceline are strong competitors, so you should be very proud of the growth curve shown below.   Travelocity is not shown in the peer comparison, as they are not a public company.

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