Marriott Vacations Worldwide(VAC) which we discussed previously, has now completed its spinoff. Timeshares are a challenging industry; they sell a product that many buyers seem unhappy with. Goldman Sachs started the company with a Neutral rating, and in the current economic environment is likely to be challenging for the new company. The former parent, Marriott International(MAR), has had a tough year, and may be a more compelling value now that it has shed its timeshare albatross.
Disclosure: Author has no position in any stock mentioned
