We are looking to add the following position to our SEPTEMBER recommended list. In fact we are taking it right off the SUPPLEMENTAL list you just received.
We are recommending a credit spread in the following issue:
HOT - Starwood Hotels & Resorts Worldwide, Inc. is one of the world's largest hotel operating companies. The company conducts their hotel business both directly and through the subsidiaries, including ITT Sheraton Corporation, Starwood Hotels & Resorts and CIGA S.p.A. The brand names include Sheraton, Westin, St. Regis/Luxury Collection, W and Four Points. Through these brands, the company is represented in most major markets of the world
Call credit spread - bearish spread
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