Sell Despegar.com (NSDQ: DESP) As Patience Wears Thin

By Linda McDonough • November 12, 2018

Despegar.com (NSDQ: DESP) missed already reduced earnings and revenue estimates last week. Revenue fell 8.7% to $121.25 million, roughly $2 million less than estimates.

Although management highlighted that the company is performing better than peers, it will likely be some time before the Latin America market regains its health. This stock is too expensive to wait for the rebound so I am selling it at a painful 45% loss.

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Mark M

11/15/18 ‐ 2:52pm ET November 15, 2018 at 2:52pm ET

Painful for me as well, sold at a loss of 58.6%

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Linda McDonough

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Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.