Strategic Hotels & Resorts, Inc. (BEE) is an interesting company that’s attracting a major spike in trading volume on little news – which means there could be something big brewing. The stock has nearly doubled in the last two months – which presents a momentum trade opportunity for aggressive investors. I am announcing an immediate Buy-Signal on Strategic Hotels & Resorts (BEE) for those who are not risk adverse.
Strategic Hotels is in the luxury hotel business and owns 19 high-end properties in North America and Europe. Needless to say, with the economic downturn, the company has had a rough ride of late with the company’s stock plummeting from $15 per share a year and a half ago to the current $2 level. BEE also went from positive earnings of $0.14 per share a year ago to a net loss of $1.14 per share for the current 2nd quarter. Yet, the company’s shares are in a solid uptrend on increasing volume – which is garnering our “speculative trading” attention.
Not only could Strategic Hotels & Resorts (BEE) represent a near-term profit opportunity based on current upward momentum – the company could also prove to be a longer-term profit-generator as the company’s numbers improve on continued global economic recovery. Buy Strategic Hotels & Resorts (BEE) at the current $2.00 per share level.
