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$MAR 2Q15 Call: Franchise fees increased 14% in 2Q15, most of the improvement was due to unit growth, RevPAR improvement and ramping royalty rates. Owned, leased and other revenue, net of expenses, totaled $60MM vs. $70MM in 2Q14. Owned, leased and other results in 3Q15 will total $50MM to $55MM.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?