The online travel agency (OTA) sector has taken a sudden plunge toward Earth. Market darlings until only a few months ago, the top stocks in the industry started to head south after they disappointed in various ways in their most recently released quarterly results.
Case in point: Expedia (NASDAQ: EXPE) fell by 13% in October, the month when it released a dispiriting set of Q3 figures. But has it lost enough altitude to be in bargain-stock territory? Is it a buy at this weakened price?
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Source: Fool.com