Wyndham Worldwide and Wyndham Timeshare Shares Downgraded
Wednesday, February 4, 2009
Shares of Wyndham Worldwide Corp. fell on Monday following a downgrade by Goldman Sachs analysts from “Neutral” to “Buy”. Goldman Sachs’ analyst cited concerns about Wyndham timeshares as influencing the decision.
Steven Kent, of Goldman Sachs says, “Wyndham still has extraordinarily low valuation and high quality management but until investors get a better sense of the long term timeshare opportunity/model we suspect the shares may tread water.”
Previously Kent had observed that hoteliers offering the best opportunity for investors are those hotels that are less invested in timeshares. Wyndham timeshares represent a large portion of the business at Wyndham Worldwide, and the company’s shares have lost more than 75 percent in the past 52 weeks.
But does any of this make your Wyndham timeshare less valuable? No. If you enjoy vacationing in your timeshare unit then the real value of your Wyndham timeshare is exactly what it always has been – a great way to enjoy luxury vacations at a fixed price for accommodations.
On an unrelated note …
The Timeshare Authority Blog received a nice acknowledgement from WFTS-TV ABC News (St. Petersburg, FL). Recently, in their website’s “Smart Money” column, written by money expert and radio talk show host, Bruce Williams, Williams recommended to the readers of his column, that they could turn to The Timeshare Authority as a resource for “honest, impartial information and advice regarding timeshares.”
Honesty and impartial reporting is critical to us and Sell My Timeshare NOW appreciates this recognition.