Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: In a press statement released today, Orbitz noted that Marcus resigned, effective immediately, to pursue other interests, and appointed David Belmont as the interim CFO. What's particularly disturbing about this move was that Marcus' tenure as CFO hardly lasted two months. This will actually be Belmont's second go-around as Orbitz's interim CFO.
Now what: It's rarely a good sign when your CFO is leaving to pursue other interests after only two months on the job. I personally cast off Orbitz from my Watchlist years ago, as it's been slow to transition its business overseas and has lost much of its market share to priceline.com (NASDAQ: PCLN ) and Expedia (NASDAQ: EXPE ) , despite a much-increased advertising budget. Both priceline and Expedia have forged the hotel and airline relationships needed to draw consumers, as well as utilized Europe's untapped travel site market to grow their operations internationally. Until Orbitz can demonstrate steady bottom line profits -- and can keep a CFO in office for longer than two months – I'd suggest keeping your distance.
Craving more input? Start by adding Orbitz Worldwide to your free and personalized Watchlist, so you can keep up on the latest news with the company.
The secret to a 98% success rate
Priceline.com has been a longtime pick of Motley Fool Superinvestor David Gardner, and has soared 2,473% since he recommended it in May 2004. David specializes in identifying game-changing companies like this long before others are keen to their disruptive potential, helping like-minded investors profit while Wall Street catches up. I invite you to learn more about how he picks his winners with a free, personal tour of his flagship service: Supernova. Inside you'll discover the science behind his market-trouncing returns. Just click here now for instant access.