A Bargain Hotel Stock
If you want to find bargains in a market that’s just soared through the roof, look for stocks that are well off their highs despite the company reporting fantastic numbers, Cramer said Thursday. Take Starwood Hotels & Resorts, for example.
This Cramer fave just reported a 3 cent earnings beat off a 39 cent basis and stronger-than-expected revenues that rose 9.3 percent year-over-year. Yet the stock is still down 14 percent from a year ago.
Plus Starwood has been growing like crazy outside the U.S. and has shifted from being an owner of hotels to company that manages hotels for others.
To find out more about the quarter and what’s ahead for the company, Cramer sat down with CEO Frits van Paasschen. To see the full interview, watch the video.
Call Cramer: 1-800-743-CNBC
When this story was published, Cramer's charitable trust owned Starwood Hotels & Resorts.
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