Wyndham (WYN): Shorted On Strength Today

06/25/08 04:30PM EDT
While it's not going to be as profitable a short as it was when I shorted it into JP Morgan's analyst positive recommendation last year, this is still an overvalued hotel stock, levered to the time share business, who's going to miss the Street's expected numbers by a wide margin if my Partner, Todd Jordan, is right on the sector call.

WYN still has relatively low short interest, at 4.4% of the float, and overly bullish sell side coverage. I'd short it with a $21.05 stop loss. This stock should continue to make lower highs, and lower lows.

*Full Disclosure: I re-shorted WYN today in my fund.
KM

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