Insider Stocks · For members
An entry from my investing journal, for members.
CEO Glenn Fogel says Booking has no moat. The numbers say otherwise: $9 billion in customer float, 65% direct traffic, and 22% of shares bought back since 2022. Here's what most investors miss about the business model transformation.
Insider Stocks
The rest of this entry is for members
Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.
1 question from a member on this entry
Already a member? Log in to read the rest.