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Strategies & Market Trends : Value Investing
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To: NikhilJog who wrote (45837)12/6/2011 12:33:09 AM
From: Paul Senior  Read Replies (1) of 78751
 
Accor. Have no idea of the business that's not fully priced into the stock. It's not the voucher business - that was spun out last year.

In past, part of their strategy was to sell hotels to distribute profits to shareholders. At some point they stopped that. Perhaps that's being re-instituted. I can't tell: looks like sales are made and monies redeployed into China and S. America, esp. Brazil where they are very big.
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