Extended Stay America (ESA) Message Board

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Non-Tech : Extended Stay America (ESA)

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To: Lynne Good who wrote (90)	10/2/1997 9:03:00 AM
From: Stephen M. DeMoss	of 133

Lynne, No problem! I historically am a trader of stocks. Esa is a bit differant for me. It is a core position that I simply am holding. I believe we are in it at the perfect time in its history. It is young and definatively growing (vs. talking about or planning growth). Yesterday ANOTHER long term lodging property was opened in the Buffalo area. They are ahead of their own aggressive schedule in opening places. This will translate into earnings. Fact is, the last quarter beat earnings expectations but the charges they took muted the good news. They care about the stock price, I can tell by talking with them. I think they will present things better this time. Apparently Mr. H. gets paid in stock versus a salary. He has a history of moving stock prices for shareholders and I am confident he will do it here. I did not buy more down at 13ish but I did not sell. I own like 4,000 shares at about where the stock is. I plan to maybe sell half at 20 and look to buy back in. But I intend to have most ride for 2 years. Have a great day! Steve D.

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