TSX:HOT.DB.V - Post by User
Comment by
flamingogoldon Oct 28, 2022 11:20am
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Post# 35055897
RE:RE:RE:HOT now vulnerable to a takeout
RE:RE:RE:HOT now vulnerable to a takeoutThe re-instatement of distributions in February was extremely conservative and is over 70% below what was being paid out pre-pandemic. After 2 years of restrictions and shutdowns, now gone, the hospitality sector is just getting it's legs again. For them to cut after just re-starting would require a total disaster in earnings. I just don't see it.
mbuch wrote: But is the dividend sustainable, or will they cut it in these crazy times?
flamingogold wrote: In other words, grossly undervalued. Anyone who buys here will have a winning trade, buyout or not, and gets paid to wait with an 8% distribution. Sounds good to me.
navajojoe wrote: The share price does not reflect the asset value or profitability of the company. A big fish could swallow us up for a premium to yesterday's close and make out like a bandit.
Sometimes the stock market makes no sense, and that is when smart money buys.