Timeshares are still selling
This morning I added Silverleaf Resorts (SVLF) to the Barchart Van Meerten Speculative portfolio.
Silverleaf Resorts, Inc. is a leading developer, marketer, and operator of `drive-to` timeshare resorts. The company's principal activities include acquiring and developing timeshare resorts; marketing and selling one week annual and biennial Vacation Intervals to prospective first-time owners as well as leasing unsold Vacation Intervals; marketing and selling upgraded Vacation Intervals to existing Silverleaf Owners; providing financing for the purchase of Vacation Intervals; and operating timeshare resorts.
The recent price momentum of 16 new highs and price appreciation of 53.00% has earned the stock a 100% Barchart technical buy signal. With a rising 84.22% Relative Strength Index the stock trades around 1.51 with a 50 day moving average of 1.09.
The stock appears to be too small for Wall Street to follow but the CAPS members on Motley Fool vote 74 to 6 that the stock will beat the market with the All Stars in agreement 26 to 1.
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.