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

To: Anne Kourtidis who wrote (62549)	9/24/2019 4:06:40 PM
From: Grommit	Read Replies (1) \| Respond to of 78752

PK. i don't have much to add. i am sure that you reviewed the literature / presentations on their website. hotels have low P/FFO ratios due to low profit growth expectation. the only lower sector is retail mall reits. :o) so PK is appealing for diversification, yield, and low valuation. their P/FFO is in the ballpark of the hotel sector and they have better stats than other hotels. mgmt seems active. long term i agree with greta thunberg that eternal economic growth is a fairy tale. when the climate efforts get real, i would not want to own airline, resort/hotel stocks, or much else. IMO, in 10 years, things will be different. plan ahead. website

To: Anne Kourtidis who wrote (62549)	9/24/2019 5:33:01 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78752

PK, when you looked at it last June and valued it at $30 and change, that was when the stock price for most of June 2018 was at that $30+. Now the stock's at $25 and change. Maybe things have gotten worse for a lowered expectation: PK has made a substantial acquisition -- that might be a bad thing... or a neutral or good thing -- I don't know. PK would say it's a good thing. For me, given that PK has those trophy resorts/hotels, I can see PK rising again back to your $30 level within a couple/three years. Assuming people will still be traveling and businesses will want their conferences. For me, a 20% gain in this stock ($25 to $30) and 21% dividend yield (3 yrs of 7%), that's acceptable to me for a three year holding. Of course, other people may have a higher bar or see more risk to the stock than I do. I'll manage its risk as a small position in a well-diversified portfolio. Jmo, and I've been wrong many, many times.