GBA Presents: THE BARE ESSENTIALS

Discussion in 'Stocks' started by stonedinvestor, Mar 9, 2022.

  1. WE JUST PICKED UP TNL AGAIN LAST WEEK // TRAVEL & LEISURE.> HERE are some notes from the CC

    This morning, we are pleased to report adjusted EBITDA of $170 million and adjusted EPS of $0.69. Leisure travel is in the midst of a sharp recovery that began in February. The strength of the recovery continued through March and has not slowed in the month of April. Anecdotally, here in Central Florida, the strength of leisure travel demand is readily evident when you observe the airport, hotels, theme parks and, of course, our resorts.

    This strong demand is also apparent in our results, most notably in our Vacation Ownership segment, driven by an elevated volume per guest in the first quarter of $3,377, an all-time high for the company and 40% above 2019.

    Our owners see great value in timeshare. For example, a 7-night stay this July in 2 hotel rooms in close proximity to Disney currently cost approximately $6,000, including fees. Contrast that with our flagship Club Wyndham Bonnet Creek Resort in Orlando, where our owners pay a $1,600 annual maintenance fee to stay during high season in a spacious 2-bedroom condominium with living room and kitchen, not to mention all of Bonnet Creek's resort amenities.

    The value proposition is clear, and it is one of the reasons volume per guest at Bonnet Creek is 53% higher compared to the first quarter of 2019. As a reminder, 80% of our owner base have fully paid off their ownership and are traveling for the sole cost of their maintenance fee.

    On the cost side, we do not have exposure to increasing construction costs for the next several years because our inventory costs are locked on our balance sheet. We do recognize labor costs are rising, but those expenses are primarily borne by the homeowners' associations at our resorts or are a small fraction of our cost exposure. In the end, our owners are eager to travel and inflation reinforces the decision they previously made to own with us. That demand is reflected in our expected occupancy for the remainder of 2022, which is currently tracking above 2019 levels.

    it's important to remind everyone that 89% of our debt as of March 31 was fixed rate. We expect every 50 basis point increase in interest rates annualize impact to earnings. But the adjusted EBITDA impact is expected to be minimal due to this timing, which are expected to close in the third and fourth quarters

    I would say, demographically, and it's important to note that 70% of the new owners that are buying are either Gen Xers or millennials. And I think that continues to speak to that the demographic continues to get a little bit younger in our mix and is refueling for that beautiful life cycle of ownership and upgrade that this business model.

    .... AND YES NO CAMPERS OR RV'S ALLOWED!!!!!! THIS IS UPSCALE VACATIONS OR AT LEAST SOLIDLY MIDDLE CLASS.....


     
    #2601     May 1, 2022
  2. check out the hit at 35 seconds! Holy crap.


    Can you imagine being a Russian soldier asked to drive one of these missal launchers!
     
    #2602     May 1, 2022
  3. [​IMG]2 / 29
    Polydrops
    Polydrop Trailer- Yea baby!

    A more angular take on the ubiquitous teardrop trailer profile,the Polydrop looks like a tiny spaceship, especially with its gull-wing doors raised. At just over 12 feet long, with a double layer of insulated wood and aluminum skin, it's designed to be cozy, even in cold weather.


    Related:25 Affordable Camper Alternatives to an RV
     
    #2603     May 1, 2022
    TrailerParkTed likes this.
  4. [​IMG]
    Yullia will feel so cozy here!
     
    #2604     May 1, 2022
  5. Van why I leave you and go to stoney house-

    You treat my homeland with disrespect. You know I no Latvian. Shame on you. W/ Disgust and a curse. #Myfineassisgone

    Yuliya Levchenko
    [​IMG]
    Levchenko at the 2020 Summer Olympics
    Personal information
    Born 28 November 1997(age 24)
    Artemivsk,Ukraine
     
    #2605     May 1, 2022
    vanzandt likes this.
  6. "Slava Ukraini!"
     
    #2606     May 1, 2022
  7. vanzandt

    vanzandt

    Everything will go up if the market bounces.
    Throw a dart.
    These are not savant picks if they rise with the tide.
     
    #2607     May 1, 2022
    TrailerParkTed likes this.
  8. vanzandt

    vanzandt

    Here I'll play though.
    UBER $31.48
    AQUA $41
    ADBE $395
    JOE $53

    Cramer said Air BnB was the stock to own this week, just like oil. Quit following the herd Stoney.
    Our readers deserve better.
    I get bored being the only one coming up with winners in this thread.
    If it wasn't for you jumping on the oil bandwagon, I don't think you'd have any.
     
    Last edited: May 1, 2022
    #2608     May 1, 2022
  9. vanzandt

    vanzandt

    Btw... Yulia said that avacado farm was the best idea we've both had.
    How much was it again?
     
    #2609     May 1, 2022
  10. vanzandt

    vanzandt



     
    #2610     May 1, 2022
    stonedinvestor likes this.