Joel Greenblatt told CNBC that he likes online travel company Booking Holdings and remains short medical device maker Align Technology.
div > div.group > p:first-child"> The longtime value investor said that while concerns over competition from Google and Airbnb are reasonable, Booking's cheaper price and solid growth in earnings and sales are enough to make a compelling investment idea.
Greenblatt added that the company — which operates sites including Booking.com, OpenTable and Kayak — has been active in buying back its outstanding equity, repurchasing about 8% in 2018. Booking generates more than half of its sales outside the U.S. The founder of Gotham Capital famously had annual returns of 40 percent from 1985 to 2005 and authored New York Times best-seller"The Little Book That Still Beats the Market."
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