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Strategies & Market Trends : Value Investing
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To: Arthur Radley who wrote (35149)8/17/2009 7:56:06 PM
From: Grantcw1 Recommendation  Read Replies (2) of 78687
 
TexasDude,

These rate cuts are no where near the rate cuts that hotels are experiencing these days. In fact, ADR went from 145.73 in this quarter last year to 146.42 this year. Maybe they are finally cutting rates, but I figure that a company like this that is just now having to cut rates after the turmoil that has occured is achieving a victory of some kind.

Plus, they had net income this quarter. I'm continuing to talk myself into buying some shares.

Before I do, if you have other opportunities that are better than this, I'd love to hear.

Thanks,

cw
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