InterContinental Hotels Group PLC (ADR) (NYSE:IHG)
The Company is a worldwide owner, manager and franchisor of hotels and resorts.
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Amazingly, I've had this stock in my Investopedia simulated portfolio since August, and I just noticed that it has increased 40% in value since then. Sure, it's had a nice run up, but take a look at the chart - It's already gone through it's correction, and today looks to signify another little run. I don't think this one's going to stop until it's P/E is closer to at least 11, possibly 13. I did notice that the forward P/E is 24, which gives me some pause, but short term, this one looks like a winner.
Recs
IHG is making a significant play in China hotels. Travel to China increases almost exponentially each quarter. All those people have to stay somewhere. IHG wrings the most out of each property it takes over. Also remodeling some US properties in lucrative locations.
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Increasing profit margin and dividend.
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