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Enter Symbol:
Strategic Hotels & Resorts Inc (BEE) [hlAlert]

down 48.50 %

Strategic Hotels & Resorts Inc (BEE) downgraded to Underperform by Wachovia

Posted on: Thursday,  Jul 17, 2008  8:25 AM ET by Wachovia

Wachovia rated Underperform Strategic Hotels & Resorts Inc (NYSE: BEE) on 07/17/2008, when the stock price was $7.07.
Since then, Strategic Hotels & Resorts Inc has gained 94.20% as of 12/11/2016's recent price of $13.73.
If you would have followed this Wachovia's recommendation on BEE, you would have lost 48.5% of your investment in 3069 days.

Strategic Hotels & Resorts, Inc. (SHR), operates as a self-administered and self-managed real estate investment trust (REIT). SHR owns and asset manages upper upscale and luxury hotels that are subject to long-term management contracts. The Company conducts its operations through its direct and indirect subsidiaries, including Strategic Hotel Funding, L.L.C (SH Funding). As of December 31, 2008, SHR?s portfolio included 19 full-service hotel interests located in urban and resort markets in the United States; Paris, France; Mexico City and Punta Mita, Nayarit, Mexico; Hamburg, Germany; London, England, and Prague, Czech Republic. SHR operates in one reportable business segment: hotel ownership. The Company?s existing hotels are operated under brands of Fairmont, Four Seasons, Hyatt, InterContinental, Loews, Marriott, Ritz-Carlton and Westin. The Hotel del Coronado is operated by a management company, KSL Resorts.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/17/2008 8:25 AM Sell
as of 12/24/2008
1 Week up  7.36 %
1 Month down  -31.34 %
3 Months up  44.65 %
1 YTD up  37.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2008 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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