These ‘pure plays’ will take you further: Wyndham Destinations Inc. and Wyndham Hotels & Resorts

Article Excerpt

Wyndham’s split into two companies on June 4, 2018, handed its investors a double opportunity: a stake in two top-quality companies with great prospects—plus an added spinoff boost (see box this page). Under the terms of that 2018 spinoff, Wyndham Worldwide (old New York symbol WYN) separated from its Wyndham Hotels operations. For every WYN share investors held, they received one share each of the new companies: Wyndham Destinations (New York symbol WYND) and Wyndham Hotels and Resorts (New York symbol WH). The split has freed each firm to build investor value by concentrating on its core business. As happens with most spinoffs, the share price for both Wyndham Hotels and Wyndham Destinations has slipped since the separation. However, we’re confident that both companies are primed to give investors long-term gains as retiring baby boomers ramp up their leisure spending and travel-loving millennials continue to seek out new experiences. WYNDHAM DESTINATIONS INC. $47.59, is a buy. Through the stock (New York symbol WYND; TSINetwork Rating:…