2008 Beijing Olympics: This stock to get the gold

Today's Financial News - Posted April 4, 2008

A Today’s Financial News Research Report:
“The 2008 Beijing Olympics is a goldmine for this company. Get in while there are still profits to be had!” – Laura Cadden

By Laura Cadden, TodaysFinancialNews.com

Today’s Financial News feed provides an independent and practical perspective on the U.S. and global investment markets.

Subscribe in a Reader or Subscribe via e-mail

The following is the TFN Hot Stock Pick for this week selected by Laura Cadden.

Baltimore (TFN): With the 2008 Beijing Olympics approaching, many travel-related stocks have been predicted to benefit. One of the most promising is the leading Chinese online travel service provider, Ctrip.

Like U.S.-based Expedia, Ctrip allows online users to book hotel accommodations, airline tickets, packaged tours and car rentals – you can even hire a car with a chauffeur through their website.

This company captured almost 50% of its market share in China in 2007.

Bright future for this online travel service

With an estimated compounded growth rate of 43% through 2010 and an annual profit margin of over 33%, Ctrip is looking fundamentally sound.

Just recently, the company was named as a “famous trademark of China” which ensures its protection from international laws. Only google.com and baidu.com have also been granted that honor.

This tells us that Ctrip is set on global expansion.

But maybe you don’t want to hang in there too long…

The 2008 Beijing Olympics is a goldmine for this company. Get in while there are still profits to be had!

With the Olympics coming in August, a final travel frenzy is imminent.

Right now the share price for Ctrip is under $54.

This stock could easily go up at LEAST 15% by the Summer Olympic’s Opening Ceremonies later this year.

Get in now, use August 8 as your target sell date and you’re set.

Based on its current P/E ratio, this stock may seem expensive. But growth rates and an overall profitability qualify it as an excellent medium-term speculation: Buy Ctrip (CTRP:NASDAQ) at current levels with justified expectations of 15-20% gains by August 8.

This report is brought to you by Today’s Financial News – the Premier FREE Investment News Service!
Subscribe in a Reader or Subscribe via e-mail