Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (35826)	11/5/2009 12:25:02 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78740

Anybody interested in H (Hyatt). Priced at 25$ apparently. Peak earnings were about 2.4$/share in 2006. Tangible book value about 28$/share, so it will be issued at a discount to tangible book. This could be called the Pritzker discount <g>. I think Fidelity customers can participate, Etrade does not seem to have it (probably a sign that it's not a real bad IPO <g>. This does not seem to bad of a deal. Apparently it's an underutilized asset and could become worth way more than the IPO price if they could improve ROE. Balance sheet is pristine with virtually no net debt. Maybe it become a "busted" IPO in the iffy stock market climate and I can scoop some cheap shares. Anything around 25$ would be OK and 23$ would be a nice price.