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