Travelzoo Has A Cheap Multiple And Performs, But Has Risks And Insider Sales

Good 2Q24 results in line with expectations Travelzoo's 2Q24 results were good, without many changes YoY, and meeting expectations. Valuation is attractive, but I remain cautious Large insider sales: The company's founder, largest shareholder, and brother of the CEO have been selling shares aggressively. The company he beneficially owns (Azzurro) sold 2.5 million shares in the past twelve months. In the past three months, he sold 360 thousand shares. Uncertainty of business model change: As explained above, ...