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Marriott Vacations Worldwide Corp. Message Board

  • during_down_time during_down_time Apr 11, 2012 1:21 PM Flag

    Apparently they've seen a pretty larger uptick in sales

    mid current quarter. It tested the 15 and 20, 3 times and climbed back recently. I think I was wrong with this one. If it breaks the 29.19 high it's going to go much higher. Sadly, looks like I was on the wrong side of this one. S happens

    Marriot Vacations: Correction (27.79 )
    In our previous comment we incorrectly reported Canaccord Genuity initiated VAC. Cantor Fitzgerald initiated VAC with a Buy and price target of $38 Canaccord Genuity initiates VAC with a Buy and price target of $38 saying VAC's core businesses involve developing and selling timeshare products, financing consumers' purchase of timeshare products, and managing timeshare resorts. The firm says, while the company's high-end Ritz-Carlton branded product was hard-hit by the downturn, demand for the core Marriottbranded timeshare product held up better than expected and is staging a nice rebound in the broader recovery.

    Briefing

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    • Interesting outlook. I am wondering if we do not know something that someone else knows, that is pushing this stock upwards. Timeshare supply exceeds demand and there are people letting go their timeshares due to high annual MF. Marriott spun this division due to this divisions poor performance as well as high capital requirements. I would guess that MVW has stopped any future developments. However, it will be interesting to hear their Q1 results and future outlook. Clearly, this stock is over valued at this point of time... They probably need to reduce more of G&A expense to make it work. I hear they are still over staffed.... Any insights are welcome? It is nice up tick though! :)

    • Missed this one--arrrr

      Marriot Vacations target raised to $34 at MKM Partners (27.31 -0.15)
      MKM Partners raises their VAC tgt to $34 from $23 saying the co is following a proven roadmap to higher margins, and it has a highly incentivized and experienced management team and strong brands with broad appeal. Firm also says the company has a strong balance sheet with $200 mln of excess land and $400 mln of inventory that it is looking to monetize. Firm notes 4Q11 was slightly soft; however, it was a rump-quarter post spin-off and, FY12 guidance was more important.

 
VAC
89.65+1.32(+1.49%)May 27 4:05 PMEDT