Earlier, Frank mentioned you would need to attend a meeting with other finance and accounting analysts at MCS to discuss the differences in strategy between Choice Hotels and Marriott. Both companies have a BBB debt rating from Standard & Poor’s. This is the lowest investment grade rating and indicates that both companies have been aggressive with growth, finance, and Treasury Stock purchases. Discuss the differences in strategy related to business growth, finance, and Treasury Stock purchases. Discuss the similarities in strategy. Discuss any strategy recommendations for Choice Hotels’ management.