Marriott 4th qtr report...

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Orlando Sentinel - Tourism Central Florida – Marriott reports profit, but time-share sales slide

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

"Despite difficult credit markets, the company recorded a $38 million gain during the fourth quarter from a time-share note sale."

I remember looking at Marriott as a potential stock investment a few years ago and a similar comment frightened me off. How do you gain 38 million by selling timeshare notes ? Hari Kari accounting ?

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Here is a link to the conference call transcript.. It's ten pages but interesting reading..

Marriott International, Inc. F4Q09 (Qtr End 01/01/10) Earnings Call Transcript -- Seeking Alpha