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Cramer: 3 Stocks That Sing in Tune
Posted at 1:07 p.m. on Thursday, March 2, 2017
Which is why this week has become quite fun for me, because three ultra-consistent companies that report--Priceline (PCLN) , Burlington Stores (BURL) and Broadcom (AVGO) --haven't missed in ages, yet somehow are regarded as having one foot out the disappointment door.
I have highlighted Priceline many times in its historic jaunt from $200 to $1700 in these last six years because it has expanded well beyond cheap air flights to hotels, cruises and rental cars with its fabulous name-your-own-price mantra. So many times we have heard that this model would be killed, or that competition from Expedia (EXPE) or Trip Advisor (TRIP) would do it in. Nope, didn't happen. When Zika raged, or ebola, or SARS, or terrorism, it's bookings didn't skip a beat. Not that long ago I heard that Airbnb would be the next thing to wipe PCLN out. All it did was expand the market so Priceline could make more money. It low-keyed is premium purchase of Open Table a few years ago--it is hard to find on the site--but I like that it blocked out another competitor.