Trefis Morning Coffee – Expedia, Microsoft, Estee Lauder & PG
It’s Friday, Friday… Expedia (NASDAQ:EXPE) recently announced plans to spin-off its media and advertising business arm TripAdvisor into its own publically-traded company. This seems to be the right move for Expedia, from both a timing and operations standpoint. TripAdvisor currently represents roughly 24% of our estimated stock value for Expedia. Moving along, we also take a look at the reported decline in global PC shipments during Q1 2011 and how the trend affects Microsoft’s (NASDAQ:MSFT) stock value, which is highly dependent on both Windows OS and Microsoft Office for PCs.
Think you know Estee Lauder (NYSE:EL)? Take a shot at our quiz of the day. And don’t hesitate to check out today’s free company model, Procter & Gamble (NYSE:PG).
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Expedia – Company of the Day
Expedia recently announced its plans to spin-off TripAdvisor into a separate entity. The timing here is appropriate. Google recently received approval to acquire air travel schedule and fare provider ITA Software, a move that will strengthen its “Places” offering and increase competition for TripAdvisor. With the spin-off, Expedia is shielded from potential losses in TripAdvisor’s market share. [1]
See our complete analysis for Expedia stock
Microsoft – Forecast of the Day
According to a recent report from IDC, global PC shipments declined 3.2% during Q1 2011 vs. the same period last year. Growth came in lower than expected vs. the initial 1.5% growth forecast from IDC. [2] Microsoft’s business is highly dependent on PC sales as Windows OS and Microsoft Office for PCs respectively account for about 40% and 36% of our $31.64 price estimate for Microsoft stock.
See our complete analysis of Microsoft stock
Estee Lauder – Quiz of the Day
Which product segment contributes the most to Estee Lauder’s stock value?
Procter & Gamble – Today’s Free Company Model
Get free access to Procter & Gamble today only. This company’s model is usually only available for Trefis Pro subscribers.
See our complete analysis of Procter & Gamble stock
Notes:- Expedia to Spin Off TripAdvisor, Wall Street Journal, April 8 2011 [↩]
- IDC: Global PC shipments report, 13th April 2011 [↩]