NYSE:VACHospitality
Marriott Vacations Worldwide (VAC) Stock Rides Contract Sales Surge Into Debt Reckoning
Marriott Vacations Worldwide stock eased 1% today to US$123.47, which hardly matches the drama inside the latest earnings print. You are looking at a company that just put up US$1.32b in quarterly revenue and US$215m of adjusted earnings before interest, tax, depreciation and amortization, yet still carries a trailing twelve month loss and stretched interest coverage.
In the short term, the reaction suggests modest fatigue. Over a longer period, the picture is a valuation and balance sheet...