Long Position on ILG @ $29.10 on 10/9/2017 (Rumor)

ILG, Inc. (ILG) provides professional vacation services in the United States, Europe, and internationally.

The company operates through two segments, Vacation Ownership, and Exchange and Rental.

The Vacation Ownership segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and associations.

The Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers by providing vacation exchange services and vacation rental. This segment also provides leisure and travel related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients; and allows owners of vacation interests to exchange their occupancy rights for alternative accommodations at another resort and/or occupancy period.

In addition, this segment provides vacation property rental services for condominium owners, hotel owners, and homeowners' associations.

As of December 31, 2016, it operated 41 resorts within Vistana Signature Experiences and Hyatt Vacation Ownership brands; and managed approximately 250 resorts, vacation ownership properties, and/or their associations.

Shares have formed a bullish "flag" on market chatter that the firm is a take over target for Marriott Vacation (VAC). Higher share prices are expected for this stock.

52-Weeks Trading Range: $15.94 - $29.85

Entry Point: $29.10

Stop Loss: $27.60

Target Price: $32.03

Updates

11/8/2017 2:53:32 PM

ILG closed at $29.40.

Position closed on 11/8/2017 at price of $29.40 with a 1.03% gain in 30 days.

Back to Portfolio