Mark Mahaney, Evercore ISI head of internet research, said in a latest program on CNBC that Expedia (EXPE) is his top pick because the stock’s valuation is cheap. The analyst explains the reasons why he’s bullish on the stock: “Expedia is one of our top picks for the year. It’s kind of a contrarian call on our part, but part of it is it’s darn cheap. This thing still trades well under a market multiple, 13–14 times earnings. You have new management in place. If they are better executors and you can see th ...