Travelzoo: The Hidden Growth Story Behind Margin Compression

Core Viewpoint - TravelZoo (TZOO) is recommended as a buy with a 3-year investment horizon due to its strong fundamentals and market mispricing related to its poor margins [1] Company Analysis - The company has shown improvement in its fundamentals, indicating a stronger operational performance [1] - There is a belief that TZOO represents a high-quality investment opportunity that is currently mispriced in the market [1] Investment Strategy - The investment strategy focuses on identifying great companies at attractive prices, suggesting a value-oriented approach to investing [1]