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Timeshares make a come back

|Includes: Silverleaf Resorts, Inc. (SVLF)

 This morning I added Silverleaf Resorts (NASDAQ: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.
 


Disclosure: I am long SVLF.