We expect that what remains of the Interior segment will be transferred to a joint structure with China-based Yanfeng Visteon Automotive Trim Systems with a final agreement potentially signing this quarter. We see this as a very deal-driven play as opposed to an earnings growth play. Based on the VC proxy, we infer that the five of seven Board seats are picked by hedge funds aka "investor friendly," which is good but we maintain that without a healthy M&A market, we aren't comfortable establishing a position just yet. Starwood Hotels (NYSE: HOT) came out with some impressive Q1 results, commenting that this year's earnings will continue to surprise. The company increased RevPAR (revenue per available room) forecasts to 6% to 8%. We think this is attainable (similar to Marriott's guidance) however management held EBITDA guidance flat, adding some caution to our outlook. For the quarter, adjusted EBITDA of $297 million beat consensus estimates and guidance out of the water ($265 to $275 million).