Might Want to Check In to This Stock
Choice Hotel International (CHH) is not a well-known name, but its hotel brands are -- for specifics, see the logos atop the stock price chart below. Choice Hotel franchises more than 6,100 hotels in the U.S. and in more than 30 other countries. The company has very modest capital-spending needs, as franchisees put up almost all of the capital.
As of the March 2012, proxy officers and directors owned 22.1% of the outstanding shares. Management declared a special $10.41 extra dividend to leverage up the company while borrowing costs and the tax rate on dividends were still low. A $400 million 5.75% unsecured bond issue covered two-thirds of the $600 million distribution....265 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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