Travelzoo 2007 Annual Report Download - page 50

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business. The payment of dividends will be at the discretion of our board of directors and will depend upon factors
such as future earnings, capital requirements, our financial condition and general business conditions.
Sales of Unregistered Securities
There were no unregistered sales of equity securities during fiscal year 2007.
Repurchases of Equity Securities
We repurchased and retired 1,000,000 shares of the Company’s outstanding common stock in 2007.
There were no shares of the Company’s outstanding common stock repurchased during the quarter ended
December 31, 2007.
Performance Graph
The following graph compares, for the dates specified, the cumulative total stockholder return for Travelzoo,
the NASDAQ Stock Market (U.S. companies) Index (the “NASDAQ Market Index”), and the Standard & Poor’s
500 Publishing Index (the “S&P 500 Publishing”). Measurement points are the last trading day of each of the
Company’s fiscal years ended December 31, 2002, December 31, 2003, December 31, 2004, December 31, 2005,
December 31, 2006, and December 31, 2007. The graph assumes that $100 was invested on December 31, 2002 in
the Common Stock of the Company, the NASDAQ Market Index and the S&P 500 Publishing and assumes
reinvestment of any dividends. The stock price performance on the following graph is not indicative of future stock
price performance.
0
500
1,000
1,500
2,000
2,500
12/31/200712/31/200612/31/200512/31/200412/31/200312/31/2002
DOLLARS
TRAVELZOO INC. NASDAQ MARKET INDEX S&P 500 PUBLISHING
18