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Non-Tech : Extended Stay America (ESA)
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To: Lynne Good who wrote (109)1/21/1998 6:44:00 PM
From: Stephen M. DeMoss   of 133
 
Dear Lynne, I have a call into the company. They say earnings are coming out on the 27th. She could not say much but will have either Mike or Maurice call my tommarow afternoon. Your theory sounds very interesting.I did mention to you that institutional buying is up very nicely the past two quarters and the inside selling dried up this past quarter. My feeling is that with a book value of 8.69, right now the stock is being given away. I bought another 1000 at 11 and am staying married to it. I am hopeful that earnings will suprise. At some point all these purchases have to translate into earnings. Can you elaborate more on why Wayne is being ostrizised? Thanks! Steve D.
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