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Buying Puts on TripAdvisor

Friday, August 16th, 2013
Posted in Advice by Joel Gross

I like TripAdvisor as a company, but it is massively overpriced right now so I bought a bunch of puts on it betting that it will go down in price. The company has a ridiculous price to sales ratio of 13. Completely indefensible. A couple of bad earnings reports and this company will be in the gutter.