News

LodgeNet Impresses

7/29/2001 8:00 PM Eastern

Morgan Keegan & Co. Inc. analyst Murray Arenson reiterated his "market outperform" rating on LodgeNet Inc., after the provider of video programming to hotel rooms reported strong second-quarter financial results, despite a sluggish hotel-occupancy market. LodgeNet reported second-quarter cash flow of $19.3 million on revenue of $55.1 million, slightly exceeding Arenson's estimates. "We believe that LodgeNet is a dependable growth story with a business model that should be attractive to investors in today's market," he wrote in his report.

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