Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 26, 2012

Article Excerpt

WYNDHAM WORLDWIDE CORP., $50.66, symbol WYN on New York, reported higher revenue and earnings in the latest quarter. In the three months ended September 30, 2012, Wyndham’s revenue rose 4.5%, to $1.27 billion from $1.21 billion a year earlier. The company gets most of its revenue from vacation rather than business travel, and vacation bookings rose in the latest quarter. That helped push up Wyndham’s occupancy rate by 1.9%. Before one-time items, earnings rose 20.2%, to $1.13 a share from $0.94. The company continues to buy back its stock. In the latest quarter, it repurchased 2.6 million shares for $133 million. In all of 2011, it bought back 28.7 million shares for $902 million. To further boost its revenue, Wyndham has invested heavily in its online booking systems. It is also expanding in fast-growing markets like Asia and Latin America. The company’s outlook is positive, but the shares now trade at a high 19.5 times Wyndham’s latest 12 months of earnings. Wyndham is a hold. Wyndham…