I just saw where Wyndham stock is hitting all time highs after recovering from a brutal 2008 downturn (excerpted from Daily Wealth):
CHECKING IN WITH OUR “HOTEL INDICATOR”
Our “hotel indicator” still shows the American economy is a heck of a lot better than the pessimists would have you believe…
Over the past few years, we’ve pointed to the soaring shares of banks, home improvers, and transportation stocks as proof that the U.S. economy continues to improve. We’ve also featured commentary on Wyndham Worldwide (WYN). What happens with this company is extremely important…
Wyndham Worldwide is one of the most important stocks you’ve never heard about. It’s the world’s largest hotel chain. Brands here include Super 8, Howard Johnson, Ramada, and Days Inn. Wyndham owns several “upscale” hotel chains as well.
The profits and share prices of hotels rise and fall with America’s propensity to take business trips and vacations. As you can see from today’s chart, the stock has tripled in value since late 2011. Just last week, the stock hit another new all-time high. It’s boom times for hotels… which leads us to say things aren’t just better than pessimists would have you believe… they’re a whole heck of a lot better.