TSX:HOT.DB.V - Post by User
Comment by
smalltimeinveston Jul 13, 2021 3:02pm
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Post# 33536744
RE:US Hotel REITs have recovered
RE:US Hotel REITs have recoveredBSdetector2016 wrote: I realise that AHIP's zero distribution is a problem but the stock should have recovered to a level much higher than it has. Something else is holding this back.
Hello All. Been a long time since I visitited Stockhouse and the T.HOT.UN board. Perhaps seven or eight months. I do have a bit of this in both non registered and TFSA and am down about 25% and 40% I do think the company value will return along with distribution, but I think it will be several years away. I was very concerened about what appeared to be a survival move when the investment was brought on for 50 M in preferred debentures in the late fall at 6% (I think). in return for two board representatives by the idebunture holders. Seemed very much like a survival move. If the alternative was bankruptcy then it was a good move. Those preferred debentures and board members take precedence. I am thinking three years or more before any distributions and unit recovery. I hope I am wrong and please point out the error in my thinking in any response. GLTA