WYND - Attractive valuation seen on Wyndham Destinations

Oppenheimer is positive on Wyndham Destinations (WYND) after meeting with management. "Business continues to improve; August saw a smaller YoY decline than July. Roughly 85% of resorts and 76% of sales galleries are now open and Hawaii is set to remove its quarantine requirement on October 1. The company should be FCF positive for the year. Encouraged by the dividend (~4% yield) and the long-term value creation of WYND’s business, CEO Mike Brown used his personal funds to purchase 4,500 shares during the quarter." The firm keeps an Outperform rating on Wyndham and sees it attractively valued at ~7.1X the 2021 EBITDA estimate vs. VAC at ~9.1X.See all the valuation marks on WYND.

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Attractive valuation seen on Wyndham Destinations