Sounds like a term of service to be agreed upon. The last article on the summary page, Brian Frank of the Frank Value Fund mentioned buyout around $35.
Wonder how Mr. Lubells buyout of $25M figures in this new arrangement.
Not sure which sector, but on his show tonight Cramer talks stocks not yet reaching their 52 wee highs. For dividends and risk/reward, I bought more shares last week 38.53 to catch the dividend(s) :)
traded today, with some big block buys. Blocks over 100k traded were buys of 276k,294k,275k, and 358k. Sells were 119k and a block of 410k at the bell. Perhaps todays jobs report(coupled with other data released this week) was what the street was waiting for. If MAR closes to a new 52 week high(near 42) in the near future, I think we could see a new trading range of 42-47. Should MAR meet eps for the 1st qtr. on 4/16, the ttm eps will be 1.82. Trading range of 23-26 pe. A range MAR has traded at in the recent past.
jeff, my sentiments exactly. And to know that feds can track you even when the huge Heinz options trade was just a millisecond before the announcement. Fascinating.
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.
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.
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 :)
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.
Hot qtr. results were good, lifting MAR, which comes out with Q1 tomorrow. HOT had good results from North America, where MAR has close to 75% of its hotels. Hoping MAR follows in HOT footsteps.
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.