Why Expedia Group, Sabre, and Marriott Stocks Fell Today

Here is the article.

Now what

None of the above suggests that the economy in general (or the travel industry in particular) is poised to enjoy a V-shaped recovery that will see reservations on Sabre and Expedia boom, and guests flock to check into rooms at Marriott. Powell's reference to "liquidity" and "solvency" concerns, meanwhile, may be causing investors to focus on the balance sheets at Marriott ($11.7 billion in net debt), Sabre ($3 billion more debt than cash), and Expedia ($1.75 billion in net debt).

Of the three, Expedia appears to have the soundest balance sheet and, with $1.6 billion in trailing free cash flow, the soundest business as well. At a valuation of less than six times trailing free cash flow today, if you were thinking of taking advantage of today's sell-off and trying to grab one of these three falling knives, I'd recommend looking at Expedia first.