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Enter Symbol:
 
Morgans Hotel Group Co. (MHGC) [hlAlert]

Rating:
Mkt Outperform
MHGC
down 78.09 %

Morgans Hotel Group Co. (MHGC) rated Mkt Outperform by JMP Securities

Posted on: Tuesday,  Mar 30, 2010  8:25 AM ET by JMP Securities

JMP Securities rated Mkt Outperform Morgans Hotel Group Co. (NASDAQ: MHGC) on 03/30/2010. Previously JMP Securities rated Buy Morgans Hotel Group Co. (NASDAQ:
MHGC) on 08/03/2007., when the stock price was $20.09. Since then, Morgans Hotel Group Co. has lost 78.10% as of 01/14/2016's recent price of $4.40.
If you would have followed the previous JMP Securities's recommendation on MHGC, you would have lost 78.09% of your investment in 3086 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.

MP Securities' equity research department provides institutional clients with comprehensive industry knowledge, unique insight and actionable information. JMP's senior research analysts are charged with developing proprietary investment themes, anticipating secular and cyclical changes and producing action-oriented reports. JMP follows companies in six industries that exhibit above-average long-term growth characteristics — Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services — and produces specialized equity research that enables investors to understand and invest in complicated growth stocks profitably.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2011 11:25 AM Buy
None
9.33 12.00
as of 12/31/2010
1 Week up  0.77 %
1 Month up  18.84 %
3 Months up  24.04 %
1 YTD up  98.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/30/2010 8:25 AM Buy
None
6.68
7/9/2008 10:25 AM Buy
None
10.78 18.00
3/13/2008 11:25 AM Buy
None
14.27 24.00
8/3/2007 9:25 AM Buy
None
20.09 28.00

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