A year on...and InterContinental Hotels Group still does not impress
By Chris Bailey | Friday 18 October 2019
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I enjoy using the search function on this website because you can always learn something from articles written months or even years ago. Almost a year ago I wrote on international hotel chain InterContinental Hotels Group (IHG) that 'the company changed its CEO last July. The new incumbent is clearly trying to forge a distinct direction rather than live just off the legacy of his highly successful predecessor. That can be a dangerous thing to do too at the wrong point of the economic cycle'. That all seems very true, but the reality is in the last year the share has gone up. However reality is not so different…
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