7/29/25 :: VROCKSTAR :: 
BKNG
probs a beat...
- while everyone's happy to pay 150x for PLTR... there r a lot of consumer names that seem to be trapped in trump tariff paralysis.
- what happened... is trump... caused a dip... consumer spending paused... then nothing happened... and all that pent up demand came right back in the last quarter... most consumer names are demonstrating just this
- so while on any given consumer name there r specifics that i'm not tuned into... and also some biz models r ostensibly better than others e.g. bkng > abnb
- at 5% fcf yield, leadership position... not even 30x PE
- i just don't get what's not to like here, remember: own the consumer interface (these r the winners in the next 5 yrs... not the backend/ not the saas... the person who owns the interface wins)
V
BKNGprobs a beat...
- while everyone's happy to pay 150x for PLTR... there r a lot of consumer names that seem to be trapped in trump tariff paralysis.
- what happened... is trump... caused a dip... consumer spending paused... then nothing happened... and all that pent up demand came right back in the last quarter... most consumer names are demonstrating just this
- so while on any given consumer name there r specifics that i'm not tuned into... and also some biz models r ostensibly better than others e.g. bkng > abnb
- at 5% fcf yield, leadership position... not even 30x PE
- i just don't get what's not to like here, remember: own the consumer interface (these r the winners in the next 5 yrs... not the backend/ not the saas... the person who owns the interface wins)
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.