Wyndham Worldwide Shares Downgraded

Recently Goldman Sachs downgraded Wyndham Worldwide’s stock from “Buy” to “Neutral” due mainly to poor timeshare sales.  As reported here, the economic credit crisis has made timeshares difficult to sell even among corporations with traditionally strong sales & marketing teams.  The stock closed at $5.84, down 4.7% from the previous day’s trading.  This represents a drop of nearly 75% for the 52-week high of $25.  A Goldman Sachs analyst stated that there are better stock opportunities with hoteliers that are less invested in the timeshare industry.

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