We need to take a cautious but optimistic approach to trading. Travelzoo is looking attractive after a good earnings report. Travelzoo is different than other travel companies. It is closer to Groupon, the company that everyone is drooling over. 20% of the float is shorted, so there are a lot of haters out there.

People get things confused. This isn’t a company like Expedia. They offer deals like Groupon. 22 million people use the service around the world. $179 both ways to London from Washington DC. You don’t find deals like that anywhere. They are only deals for people that help them. There aren’t any credit card offers.

They make a lot of money per customer. The revenues are going up $10 per customer. They are all about quality. Should we be concerned that growth is slowing. By investing on local deals, overall growth is slowing, but it is all about delivering the numbers. TZOO is an exciting growth company.