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Non-Tech : Suburban Lodges of America (SLAM)

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To: Rick Hudson who wrote (34)9/22/1998 11:29:00 AM
From: VALUESPEC   of 35
 
Slam has gone down very consistently. It is now $ 7.50. Many small caps have been crushed. I still have a lot of CD which has made me work very hard. CD was as low as $ 10.06 before bouncing back to around $ 13.00 where it is now. Fortunately, I did buy some CD around $ 10.38, and $10.62 and $ 12.38 so my average cost is down again. However, more bad news will put me down quickly as I have a lot of margin again.

I am wondering if SLAM's recent slide has not been over done. Will average room rates fall soon? How will they raise capital to expand if their stock is selling so low? How much will the low stock price effect their growth?

ESA has been getting crushed, too. I always thought that stock was over-priced compared to SLAM.

SLAM: $ 7.50

VALUESPEC
valuespec.com
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