HLT & CD:
Travel, leisure stocks may hold value - Barron's
NEW YORK, Oct 18 (Reuters) - Some travel and leisure stocks may have fallen far enough to be considered good buys in a mixed sector, a report in Monday's Barron's argues.
''Analysts in recent weeks have tripped over one another in the rush to mark down earnings estimates and investment ratings for a host of travel concerns,'' the report said.
Some stocks deserve this but others are ''victims of an indiscriminate purge and now are priced as though no one will ever pack a suitcase again,'' the report added.
The article points to a few stocks as potential value plays at current prices, including: Hilton Hotels Corp.
(NYSE:HLT - news), Royal Caribbean Cruises Ltd. (NYSE:RCL - news), Budget Group Inc. (NYSE:BD - news), AMR Corp. (NYSE:AMR - news), US Airways Group Inc. (NYSE:U - news), and Walt Disney Co. (NYSE:DIS - news).
''Even Cendant Corp. (NYSE:CD - news) looks attractive...if you don't mind the company's ponderous baggage, which includes one of the worst accounting scandals this side of Sunbeam,'' the article said.
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