Alcohol used to seen as a recession-proof good. This downturn is changing that thinking as evidence of cutbacks in spending, consumption, and on-premise drinking abound.  Back in the Spring of 2008, Nielsen conducted a bunch of surveys to see how the economy was affecting the consumption of wine and spirits.  The answer then was it [...]

R.W. Baird downgraded Starwood Hotels (HOT) from Neutral to Underperform, saying it was downgrading estimates on hotels across the board. This comes via Barrons:
Starwood’s former strengths are now weaknesses. During the boom Starwood’s world-class real-estate holdings, higher-end brands and international growth allowed significant multiple expansion. Today, each of these former positives exposes the company to [...]

When you think about property, you should really be looking at its worth as the present value of future cash flow streams.  This is true for residential, commercial, rental or travel property.  One reason is that property is fungible, meaning what is a owner-occupied primary residence ca just as easily be a rental accommodation. It [...]