Temple Hotels TMPHF

Consumer Cyclical Leisure

Temple Hotels Inc owns hotel real estate in primary and secondary markets across Canada. Its segments include Fort McMurray, Other Alberta, and Other Canada. The properties portfolio of the company include British Columbia Properties, Alberta Properties, Saskatchewan Properties, Manitoba Properties, Ontario Properties, Nova Scotia Properties, and Northwest Territories Properties among others.

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Temple Hotels > Top pick today

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Comment by KnowledgeSeekr8on Feb 15, 2017 2:58pm

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Post# 25850650

RE:Top pick today

Here's the summary from BNN's website

TEMPLE HOTELS (TPH.TO) – Own personally, no family holdings, own in Fund, last purchase a month ago at approximately $0.75/share

Canadian hotel owner and operator with approximately 4000 rooms in Canada
Discounted valuation: trading at 7.5 per cent cap rate based on depressed NOI and a discount to NAV
Leverage to improving oil prices
- Approximately 50 per cent of their portfolio is in Alberta with 25 per cent in Fort McMurray — as oil improves, so should their Alberta hotel business
- Fort McMurray: higher oil prices, talk of pipelines (Keystone, Trans Mountain and Line 3 expansion) and city rebuild should be positive
- Discount to recently appraised values: $1.10 NAV (with full IFRS write-down) — likely a conservative estimate of value of properties
- Morguard: they are the majority owner and have a management contract; shrewd investment track record and motivated to create value over time