Will Home Inns shares keep tanking?
The stock is down some 28% from early March. But that doesn't take away from its long-term potential.
Home Inns opened 306 new hotels under the Home Inns brand in 2011 and purchased another 307 hotels under the Motel 168 brand when it acquired that company in October 2011. That makes 615 of the 1,426 hotels that the company ended the year with new to the company in 2011. New hotels take a while to build to capacity, and integrating an entire new 300-hotel brand doesn't get accomplished over night.
Fourth-quarter results reported on March 9 missed Wall Street expectations for earnings although the company beat on revenue. You can find more on the March 9 earnings report in my March 13 post.
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Here's a list of ways to profit from the potential move from defensive to cyclical stocks.
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