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Morgans Hotel Group Co. (MHGC) [hlAlert]

Rating:
Buy MHGC
down 11.29 %

Morgans Hotel Group Co. (MHGC) rated Buy by Soleil

Posted on: Tuesday,  Mar 23, 2010  8:25 AM ET by Soleil

Soleil rated Buy Morgans Hotel Group Co. (NASDAQ: MHGC) on 03/23/2010, when the stock price was $4.96. Since
then, Morgans Hotel Group Co. has lost 11.29% as of 01/14/2016's recent price of $4.40.
If you would have followed this Soleil's recommendation on MHGC, you would have lost 11.29% of your investment in 2123 days.

Morgans Hotel Group Co. is an integrated hospitality company that operates, owns, acquires, develops and redevelops boutique hotels primarily in gateway cities and select resort markets in the United States, Europe and in select international locations. As of December 31, 2008, the Company owned or partially owned, and managed a portfolio of 12 luxury hotel properties in New York, Miami, Los Angeles, Scottsdale, San Francisco, London and Las Vegas, comprising approximately 3,700 rooms. In addition, it has two hotel developments, in Boston and New York, and a hotel expansion in Las Vegas representing an estimated 1,300 additional guest rooms. In June 2008, the Company entered in a joint venture agreement with Normandy Real Estate Partners and Ames Hotel Partners as part of the development of the Ames hotel in Boston, Massachusetts.

Soleil focuses on institutional research without ties to proprietary trading. By aggregating unbiased, actionable research, we allow our institutional clients to access a variety of perspectives and investment opinions from one trusted source. Our experienced sales professionals and research production team evaluate and filter dozens of independent research analysts to create a select group of research partners that best serve our clients. Each of our analysts has considerable industry experience, significant institutional relationships, a deep understanding of a particular sector, and the ability to deliver proprietary data and insights. Through expanded coverage of conventional and under-followed companies, they provide multiple perspectives and divergent viewpoints across a variety of industry sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/23/2010 8:25 AM Buy
None
4.96
as of 12/31/2010
1 Week up  0.77 %
1 Month up  18.84 %
3 Months up  24.04 %
1 YTD up  83.06 %

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