Bottom line at Expedia shows surprising strength

Here are recent brokerage-house and investment-advisory opinions affecting Pacific Northwest stocks. Many analysts’ firms do business with the companies on which they comment. The Seattle Times neither advises against nor recommends purchase of these stocks. Stock symbols and stock quotations are listed in parentheses, the latter reflecting prices when reports were issued. Ratings definitions vary, but most companies have five rankings, which are, from highest to lowest:
* Strong buy, buy or highest.
* Buy/accumulate, accumulate, mild buy, outperform, attractive or above average.
* Neutral, hold, reasonably priced, average or market performer.
* Mild sell, unattractive, below average or underperform.
* Sell, lowest.


Expedia delivered a strong quarter last week, prompting Pacific Crest Securities’ Steve Weinstein to cut expected losses for the online travel company and raise his rating on the stock to “strong buy” from “buy.”

The analyst said the Bellevue company’s loss of 4 cents a share was a blowout compared with his estimated loss of 22 cents. Expedia remains majority-owned by Microsoft.


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