Expedia (EXPE)

They have done exceptionally well. Most of the travel e-tailers have done so. Dividend growth has been 7% for the last 5 years. Free cash flow has been growing, but is slowing down and is probably why the stock is easing back down. It all depends on how their pricing power will do.

A good internet company. It has had a really good run and the valuation is right up there. He wants to own this company, but buy it much lower. He would look for a miss-pricing.

The earnings growth is not priced in from the acquisition it just closed. It could be the "go-to" consolidator in the travel business.

Chart shows a pattern that seemed to be trending up through 2012 but is now breaking down. One of the factors that you should be looking for in a change of trends is the highs and lows, peaks and troughs. This chart is showing lower highs and lower lows. The recent pop has come up to the possible beginnings of a new downtrend. He is cautious on this one.