Sold All of L Brands (LB) and Park Hotels and Resorts (PK)

posted May 28, 2018, 10:35 PM by Intelligent Investor   [ updated Feb 24, 2020, 7:56 PM ]
An article in CNBC scared us. The parent company of Victoria Secret, L Brands (LB) could be a broken company.

As far as Park Hotels and Resorts (PK),  we never wanted to be in the luxury hotel business. During a recession, most luxury products just do not perform so well.