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$HOT 2Q15 PR: Adjusted EBITDA was $311MM. Starwood signed 64 hotel management and franchise contracts, representing approx. 14,400 rooms, up 69% from 2Q14. Starwood sold three hotels for gross cash proceeds of approx. $533MM. At June 30, 2015, Starwood had gross debt of $2.1Bil, cash and cash equivalents of $769MM and net debt of $1.4Bil.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.