Hotel Stocks Due for Correction - trackseekingalpha

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Hotel Stocks Due for Correction
May 31, 2009 12:59 PM UTC

trackseekingalpha

Return	Risk
-11.17%	HIGH

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Symbol	Sentiment	Start	Return	Closed
WYN	n/a
HOT	n/a
IHG	n/a
MAR	n/a

Via Short Stock Ideas from Seeking Alpha:

By: Sean P. Smith

Shares of Marriott (MAR) have rallied approximately 85% from the lows reached in early March. Shares of Starwood (HOT) have climbed even higher, rallying roughly 150% since early March. Shares of other companies in the industry, including Intercontinental Hotels Group (IHG) and Wyndham Worldwide (WYN), have made similar moves. Given the current state of industry fundamentals, and our expectation that operating metrics will continue to deteriorate, we consider the magnitude of these moves to be excessive.

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