SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : John Dessauer's Investors World
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tony Pache who wrote (1997)1/30/1999 9:29:00 PM
From: robert emann   of 2346
 
Tony:
I am bullish on Hilton although I got in at the mid 20's. HLT has been buyng up quality properties; eg The Sheraton Torrey Pines. Last year it was rumored that Ladbroke's (who owns Hilton hotels in Europe and parts of Asia) wanted to acquire the HLT hotels and that Bollenbach rejected the offer. Since then the PPE spinoff has been completed and the pending recession everyone expected has not occurred. So a buyout is more possible now. And earnings should be ok. I haven't been buying anymore common but I have been buying the 5% convertible due in 06. Its selling around 95 which means you get a yield of about 6% on a triple BBB credit.Bollenbach said he would keep it investment grade. Tne conversion price is $22+. If Ladbroke tries again my sense is the offer wouldbe well above $22 , maybe $30. Last year HLT was low $30's with PPE and Steve supposedly said no.With earnings do out 2/4 we should start to get a good idea of what may happen. 99 should also be a great year as every parties in 2000 at classy hotels and casinos. Purely my opinion.
PPE seems to be attractively priced but as JD says HET seems really cheap. I like them better.
In Barron's this weekend one of the roundtable participants suggests shorting STD due to their Latin America exposure and lack of adequate provisions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News