10 Expensive Stocks That Are Worth Every Penny

Stock #3 – Priceline.com (PCLN)

Leading online travel site Priceline.com (PCLN) is perhaps best known for its pitchman, pop culture icon William Shatner. But to in-the-know investors, this stock is best known for booking big profits. Now you might think that with the country in a recession, stocks in the online travel space wouldn’t be doing very well. But actually, the opposite is true.

According to a recent article in Investor’s Business Daily, many corporate travel managers have been forced to cut the cost of basic travel expenses due to the recession.  “Firms are telling execs to move their seats from the front to the back of the plane — and to find budget-class hotel rooms.” Bingo! You see, during tough economic times, both corporations and consumers look to save every dime, and one way to do this is to book flights and hotels using online travel sites like Priceline.com.

I expect the company to keep on booking solid earnings, and I expect the shares to keep flying higher.
See also: What Is Fueling the Boom in Online Travel Stocks?

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