Hotels, Resorts & Cruise Lines

Morgans Hotel Group Co. (Nasdaq: MHGC) today reported financial results for the quarter ended December 31, 2010. Adjusted EBITDA for the fourth quarter of 2010 was $18.4 million, a $5.3 million or 40.0% increase from the fourth quarter of 2009 driven by improved operating margins due to RevPAR...

Below are the top general entertainment stocks on the NYSE in terms of cash. Live Nation Entertainment Inc (NYSE: LYV) had $855.62 million in total cash and $1.74 billion in total debt for the latest quarter. Carnival Plc (NYSE: CUK) had $429.00 million in total cash for the latest quarter....

Gabelli is out with its report this morning on Orient Express Hotels (NYSE: OEH), maintains Hold. In a note to clients, Gabelli states, "We employ Net Asset Valuation on OEH using our 2010 forecasts, when we expect OEH to generate $103MM in EBITDA, and a loss of $0.06 per share. Applying a 5-7%...

Jefferies, which downgraded Morgans Hotel Group Co. (NYSE: MHGC), is providing some color on the stock. “[Our downgrade] reflect[s] the increasing risk to the company's management agreement at the Hard Rock Las Vegas, which could mitigate the benefits of capital recycling and new management...

Jefferies is out with its report today on Morgans Hotel Group (NASDAQ: MHGC), downgrading MHGC from Buy to Hold. In a note to clients, Jefferies writes, "We are downgrading MHGC to HOLD to reflect the increasing risk to the company's management agreement at the Hard Rock Las Vegas, which could...

Blackstone (NYSE: BX), the private equity firm, will acquire the U.S. assets of Australia-based Centro, the debt-heavy shopping mall operator, for $9.4 billion. Blackstone agreed to pay book value for the assets which Centro has valued at around $9.4 billion, Reuters reported, citing a source...

Orient-Express Hotels Ltd. (NYSE: OEH) results were generally above expectations although we highlight continued pressure on rates in Europe and North America, Jefferies reports. “The limited visibility on the 2011 outlook, particularly for leisure travel, supports our conservative view on the...

Shares of Royal Caribbean Cruises (NYSE: RCL) are lower on the session by 0.90%, trading at $42.88. Overall put volume is now running at 4.09x the daily average, with 2% of all puts traded being purchases on the offer. 14,633 contracts have traded on the session so far. Royal Caribbean Cruises Ltd...

Great Wolf Resorts, Inc. (NASDAQ: WOLF) reported results today for the fourth quarter ended December 31, 2010. Total revenues increased 13.7 percent to $64.0 million in the fourth quarter of 2010 compared to $56.3 million in the fourth quarter of 2009 as consumer demand continued to pick up. For...

Analysts at Credit Suisse downgrade Choice Hotels International Inc (NYSE: CHH) from “neutral” to “underperform.” The target price for CHH has been lowered from $38 to $35. CHH shares fell 3.71% to close at $39.72 yesterday. More Analyst Ratings here

Cusick's Corner This was clearly a seller's day. Profits were booked early and then later in a muted rally attempt into the afternoon. While this did not feel like a panicked-filled sell session, the tone or should I say the volatility changed, creating a bigger window for traders (specifically...

Creative Kingdoms, LLC, a consolidated subsidiary of Great Wolf Resorts, Inc. (NASDAQ: WOLF), North America's leading family of indoor waterpark resorts, today announced that Luke Schneider has been appointed to the newly created position of chief executive officer. The company, which uses its...

Creative Kingdoms, LLC, a consolidated subsidiary of Great Wolf Resorts, Inc.® (NASDAQ: WOLF), North America's leading family of indoor waterpark resorts, today announced that Luke Schneider has been appointed to the newly created position of chief executive officer. The company, which uses its...

Jefferies & Company, Inc. has published a report on Choice Hotels Int'l (NYSE: CHH). According to the report, 4Q 2010 results were generally above expectations from an EBITDA and RevPAR basis, with EPS benefiting from below the line items. “We expect the shares to be pressured from these...

I am a member of AAII (American Association of Individual Investors) and one of their more popular screens is the Shadow Stock Screen.  I conduct a close replication of this screen on a monthly basis.  This is a very simple screen that seeks out small/microcap value stocks.  The screen criteria I...