Travel Stocks as a Value Play
Travel may not seem like an industry on the move, but Jake Fuller of Thomas Weisel Partners has some travel-related stocks on his "buy" list.
"I think it's really more of a valuation play at this point," he admitted to CNBC. "No two ways around it, travel trends are not particularly good...but hotel stocks are trading at 10-year lows."
There's another thing about the nature of hotel stocks that make him think investors should check them out: "Hotel stocks tend to turn early," he said. "They turn about six months before fundamentals bottom."
"I've got companies like Marriott (International), trading at 10 times forward earnings -- those are depressed earnings," he said. "They typically trade at 20 times, so I think you've got a good long-term opportunity there."
Starwood also gets thumbs-up from Fuller, as do Expedia and Priceline.com.
Fuller and his family own shares of Marriott International. Fuller's firm makes a market in securities of Priceline.com.