Was just talking to a co-worker the other day on future plans for MAR, and I mentioned raising dividends, share buybacks, and the rooms buildout in latin American countries, China, etc. Nice 30% hike, going to go well with this long term investment. Barring an economic meltdown, I see this stock at 60 in 18 months.
While I am not a rewards member, I had a similar experiance with my bank. I noticed they had started charging my checking account $10/mo. for being below min. bal. $50 had been charged. They told me because I had been banking there so long, I actually should have been charged alot earlier. They were able to change me into another account, no min. bal. I still bank there, it seems every bank charges either for checks/and or min. bal. I get both for free. They know my name and they are friendly. Other than that, there are a couple good articles about hotel points dated 3/8 by Reuters, and 3/14 by bizjournals. I think 2013 and 2014 are going to be good years for the company and stock.
Another strong day of over 2X normal vol. on a near 4% gain. Nice comments from Cramer(see summary page) which he highlighted during a segment on his show on CNBC. Joe Terranova also gave MAR a buy rec during CNBC's noon show. Lets hope the momentum continues :)
Cramer just mentioned TRLG in conjunction with todays news regarding the NY Post article, and Mr. Lubells contract not being renewed. He cited other co.'s where ceo's resign not being good news, etc. However, TRLG popped 1.11 on 3/4 on the initial news of Mr. Lubells contract. So that is considered good news by investors. So I'm not so sure if Cramer knows all the details.
Not sure what the BOD is seeking, obviously, but as I see it, $1.91 in eps with a multiple of 13 equates to $24.70. Add in the cash and it comes out to $32.70. Mr. lubells "severance" of 25M is now off the table. Perhaps this is why the co. came out with the news it did yesterday regarding other options other than a sale. However, I believe the cash balance will continue to grow, and wholesale seems to have bottomed and picking up. Everyone seems to think Ms. Koplin can do the job in the interim, perhaps the future as well. I still believe the right marketing will do wonders for this company, a route TRLG never explored in the past.