The Latest Hot ‘Deals’ Stock Gets the Cramer Treatment (TZOO, EXPE, PCLN, OWW, MMYT)
On Wednesday, Chris Loughlin, CEO of the online publisher of travel, entertainment and local deals Travelzoo Inc (TZOO) was a guest on the popular television show Mad Money, hosted by Jim Cramer.
Chris Loughlin’s appearance is not helping the Dotcom Travel Stocks Index, which is fractionally lower on the day. Travelzoo is one of the few stocks positive in the index, with a gain of less then one percent.
Loughlin said that Travelzoo will now be expanding into the local “deal” space. He said the company has 23 million subscribers on its service, and with local deals, the company will be able to double the revenue it generates per subscriber. Currently local deals are being offered in 48 markets, but that will be expanding to 60 very soon. Travelzoo chose to roll out its local service organically, rather than through acquisitions. The service will provide only two deals a week, focusing on quality over quantity. Loughlin also commented on European expansion for the company, which currently operates in only four countries. He believes Europe is an enormous market due to the amount of vacation time given to Europeans. Cramer wrapped things up by saying he knows Travelzoo trades like a wild stock, but he sees the company as a steal with it having a $1.5 billion market cap.
Investors can track the Dotcom Travel Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
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