SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James Clarke who wrote (11971)2/3/2001 12:02:02 PM
From: Paul Senior  Read Replies (3) of 78476
 
I've started to trim positions in hotel REITS FCH and LHO.

Back last night from vacation in London. Fortunate to be able to fly there first class. Heck of a nice way to travel! Found a very decent Euro. hotel through the internet @ 50 pounds per night for two people which included full English buffet breakfast each day. (That means a substantial eggs/bacon/sausage/potato/croissant/pastry/cereal/cheese/salami/fruit etc. calorie fortifier to ward off the English cold weather. ) As many know, hotels in London are very expensive. (Yes, "expensive" is relative- but for middle class type tourists paying their own way to get middle class type amenities (US expectations of shower & toilet in room, TV, phone, clean, quiet, location near desirable areas) that price - about $75/night American, including taxes scared me. Too low. That- coupled with a couple Sunday's ago NY Times article about how businesses have cut back travel thus enabling more vacationers to find travel bargains to major US cities- spurred me to place an order (that was filled) to trim my relatively large positions in FCH and LHO.

Anybody else considering similar -- hotel REITs are showing good FFO and still pay good dividends -- just wondering if anyone else here is considering that stock prices of these businesses might be topping?

Paul S.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News