Orient Express shares could rise 50 pct in coming years
NEW YORK May 12 (Reuters) - Shares of Orient-Express Hotels Ltd could rise by as much as 50 percent in the next two to three years, according to a story in the Barron's May 13 edition.
The report cited Cove Street Capital Chief Investment Officer Jeffrey Bronchick who said that the stock could be worth as much as 17 percent in two to three years if the luxury hotel chain's Chief Executive John Scott can execute on plans he has laid out.
Barron's said Scott aims to generate $50 million to $70 million from selling non-core assets in the next two years.
Orient-Express shares closed at $11.59 on New York Stock Exchange on Friday.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Atheists face death in 13 countries, global discrimination: study
- Thousands of South Africans line up to see Mandela lie in state |