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What: Shares of luxury travel and tourism specialist Orient-Express Hotels
So what: Adjusted profits more than doubled to $0.19 a share as overall revenue excluding real estate improved 17% to $183.2 million. Revenue from owned hotels improved 16%, while revenue per available room (RevPAR) rose 14% before currency effects. Analysts were looking for $0.13 a share of profit on $183.7 million in non-hotel revenue, according to data compiled by Yahoo! Finance.
Now what: Orient-Express interests me for two reasons. First, because it operates the Orient Express tourist train that travels through a Western European course made famous by Agatha Christie. Second, the stock trades for a barely noticeable premium to tangible book value, which means investors place virtually zero value on Orient-Express' ability to grow. Do you believe that's fair? Would you buy shares of Orient-Express Hotels at current prices? Please weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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