New York- (Mar. 29) - It has been just over thirteen months since I first recommended Marriott International (NYSE:MAR) to SA readers. That article printed February 21, 2016, under the title "Marriott Poised for Short-Term Growth, Long-Term Dominance" when the stock was at $66.79. On Friday, MAR closed at $93.50, a gain of 40%, excluding dividends. I reiterated Marriott as a strong buy again in an article that printed May 22, 2016, when it was still in the $65 range.
The promise of "short-term growth" has not only been fulfilled, but far exceeded by a management that I believe to be among the best and most ethical in the country. While I estimated the Marriott shares would be at $75 by year end; they were at $83 on December 30th. I expected the shares to go "into the $90-120 territory within three to five years." The shares hit $94 last week, just thirteen months later.
