Trip.com: Buy the Domestic Travel Rebound While Regulatory Risk Trades Through the Price
Trip.com (TCOM) is trading well under its 52-week high after a January regulatory scare. Under the surface, domestic travel demand and the group’s global distribution footprint remain intact. At a $33.9B market cap and a P/E of 7.2, the stock looks inexpensive if Trip.com can navigate the antitrust scrutiny. This is a tactical long with a clear sto…