- 
ABNB has a sliding moat problem
- slumpy housing market + recession incoming should lead to compressed multiple
-ABNB used to be wall street poster child and commanded premium multiple but that moat is no longer here.
-
BKNG is the OG of travel booking.
-ABNB is useful only when you are travelling in a big group where booking rooms in a hotel becomes expensive.
- Nothing unique aboutABNB, Verbo offers same thing and many hotel aggregator has started showing individual properties owned by owner.
- Regulation in cities in favour of long term tenants is welcomed as it will help in easing inflation for rental units which is always sticky.
- Technicals looks like a wedge which should break to the downside. Ideally,ABNB should trade below $85 to look compelling investment.
- Otherwise avoid this stock
ABNB has a sliding moat problem - slumpy housing market + recession incoming should lead to compressed multiple
-
ABNB used to be wall street poster child and commanded premium multiple but that moat is no longer here. -
BKNG is the OG of travel booking. -
ABNB is useful only when you are travelling in a big group where booking rooms in a hotel becomes expensive. - Nothing unique about
ABNB, Verbo offers same thing and many hotel aggregator has started showing individual properties owned by owner. - Regulation in cities in favour of long term tenants is welcomed as it will help in easing inflation for rental units which is always sticky.
- Technicals looks like a wedge which should break to the downside. Ideally,
ABNB should trade below $85 to look compelling investment. - Otherwise avoid this stock
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.