Anthony @ Equity Investigations, Dear Anthony, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Anthony@Pacific who wrote (61624)	10/27/2000 10:09:16 PM
From: StockDung	Read Replies (3) of 122087

UNFRICKINBELIEVABLE-->>Priceline.com recognizes as revenue the full price of a plane ticket it sells, not the commission it receives, unlike a normal travel agent. If you buy a $500 ticket, Priceline receives roughly a $40 commission for its service, but recognizes the entire $500 as revenue on its financial statements. The company has always defended this practice, saying it holds the tickets in its inventory, and is therefore taking the risk. But what risk is there if the customer has already paid for the ticket with his/her credit card? Priceline.com traditionally had a sky-high price-to-sales ratio, and if they adopted accounting practices suggested by most accounting experts, its ratio would increase approximately 12-fold! That's the first issue. ragingbull.altavista.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next