|
Elite Island Resorts - Pay for your vacation with stock and get a great deal in the process
A old colleague of mine (lest I inadvertently insult someone, I mean “old” as in “a colleague of years past”, not as in “aged” J) Tweeted about this and I found it intriguing. It’s definitely an example of thinking outside of the box.
Elite Island Resorts, a company that runs luxury resorts in the Caribbean, is offering a very unique twist on discounting. They will let you pay up to $5,000 toward a room at one of their hotels using stock. But get this … they’ll value the stock at what it was trading at in July 2008! Unless you’re the most prescient stock investor of the day, you’ve likely seen your portfolio tumble 30%-40% or more since then. So rather than take the loss, or wait until the market rebounds, you can trade in your stock for a room and get a great deal in the process.
Using MSFT as an example, Elite will give you $27/share for your stock, a 39% premium over today’s price of $19.47. Even better, if you’re a GOOG shareholder sitting on 50%+ decline in the last year, they’ll take those shares valued at $312 today and give you $535 for them, a 71% increase. Imagine having a luxury Caribbean vacation for only 16 shares of GOOG! And tech stocks are the only options here. The Elite web site lists almost 400 stocks that are eligible including Campbell Soup, 3M, Chevron, Coca Cola Co. and many, many others.
|
|
|
<< Back |
Add New Comment |
