Gabelli On WYN Quarter Results

Gabelli & Company has issued a report regarding the 1Q11 results from Wyndham Worldwide Corp WYN. According to Gabelli, "With a significantly realigned vacation ownership business, solid balance sheet, strong free cash generation and an attractive valuation (7.8x 2012E EBITDA), Wyndham is positioned to benefit from the continuing recovery in the lodging industry." WYN is Buy rated and closed at $34.00 yesterday.