Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, February 12, 2010

Article Excerpt

WYNDHAM WORLDWIDE, $22.54, symbol WYN on New York, rose 10% this week after it reported higher-than-expected fourth-quarter profits. In the three months ended December 31, 2009, Wyndham’s earnings per share, excluding one-time items, fell 14.9%, to $0.40 from $0.47. Despite the drop, the latest earnings beat the $0.37 a share that analysts were expecting. Revenue rose slightly, to $913 million from $911 million. That was also higher than forecast: analysts had been expecting revenue of $855.7 million. The higher revenue was mainly the result of the economic recovery, which has pushed up travel demand and increased the number of guests at Wyndham’s hotels. Wyndham is one of the world’s largest hospitality companies, with 7,110 franchised hotels worldwide. It operates under a number of brands, including Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Wingate by Wyndham, Baymont Inn & Suites, Microtel Inns & Suites, Hawthorn Suites, Howard Johnson, Travelodge, Knights Inn and AmeriHost Inn. In addition to hotels, Wyndham manages…