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Thomas Kennedy

 
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  • Hotel Industry: Competitive Factors And Discussion Of Hotel Franchisors As An Investment Opportunity
       • Tue, Apr. 15 CHH, HLT, WYN 1 Comment

    Summary

    • Both hotel franchisors and franchisees experience inflation resistant growth, helping to deliver positive real returns to investors.
    • Hotel franchisors exhibit strong competitive advantages and impressive returns on capital, especially amongst market leaders, making a strong case for investing in the sector.
    • The hotel industry goes through regular, predictable cycles, which affects the number of guests staying at hotels, the revenue per room, and growth in the number of hotels.
    • This market cycle dramatically affects the profits of hotel owners due to their high level of operating leverage, but has a diminished impact on franchisors.
    • Many of the top hotel franchisors have reached lofty relative valuations, and would warrant a pullback before purchasing shares, with IHG presenting the best buying opportunity.
  • Kinder Morgan Relative Valuation: KMI Vs. KMP And EPB
    Dec. 17, 2013 EPB, KMP, KMI 81 Comments
  • Berkshire's Earnings Are Understated By $4.5 Billion Annually
    Dec. 4, 2013 AXP, IBM, KO 24 Comments
  • How Kinder Morgan Is Like Berkshire Hathaway And Why Both Should Outperform
    Nov. 22, 2013 KMP, KMR, KMI 47 Comments
  • One-Of-A-Kind Companies To Help Diversify Your Portfolio
    Nov. 4, 2013 CMP, CPRT, ICON Comment!
  • Despite Breaking New Highs, The S&P Is Not In A Bubble
    Oct. 28, 2013 SPY 3 Comments
  • The Junk Bond Market Is Telling You To Sell Stocks
    Oct. 22, 2013 SPY 17 Comments
  • Angie's List A Compelling Short Opportunity
    Feb. 28, 2013 YELP, ANGI 19 Comments
  • Why Netflix Is Outperforming
    Jan. 24, 2013 NFLX 7 Comments
  • Mobile Is Part Of A Greater Trend Which Could Hurt Satellite And Cable
    Jan. 15, 2013 VZ, VOD, CMCSA 6 Comments
  • A New Method For Calculating Fundamental Returns
    Jan. 10, 2013 MCD 10 Comments
  • Will Verizon Acquire Vodafone?
    Jan. 9, 2013 VZ, VOD 8 Comments
  • S&P 500 Market Valuation And Historic Returns
    Editors' Pick • Jan. 8, 2013 SPY 39 Comments