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Non-Tech : Extended Stay America (ESA)
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To: Stephen M. DeMoss who wrote (70)8/20/1997 6:35:00 PM
From: Stephen M. DeMoss   of 133
 
To All: I called the company today. They were very gracious and said others called yesterday when the stock dropped a point on heavy volume. The only news releases were that they have opened two more hotels yesterday. She told me that everything is actually ahead of schedule so she has no reason to explain the stock fall. They do not have a promotions person and presently have no plan to fill that spot. She feels the future is very bright but does not understand why the market sometimes interprets news as it does. It was interesting that the stock had 222,000 shares bought at the ask in the last 4 minutes of trading...maybe that bodes well for a bottom here. One day at a time. Steve D.
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