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Service Properties Trust T.SVC


Primary Symbol: SVC

Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Company’s net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.


NDAQ:SVC - Post by User

Bullboard Posts
Comment by crapheadon Oct 06, 2010 11:46am
204 Views
Post# 17535104

RE: $2 today???

RE: $2 today???I'm nervous (and excited).  I have complete confidence long term.  But what will happen tomorrow - I have no clue.  I'm nervous about the old adage: "sell on news".  My gut tells me because of the recent run up, unless news is stellar, that we could see some profit taking.  A dip in price is an opportunity to make some $$.  But, do you want to risk it is the question.

It looks like things are starting to settle down now today.  Canaccord was doing a lot of buying this morning, but this has since slowed down.  I like to see Canaccord buying - they've been close with SVC for a long time, so buying activity could suggest good things for tomorrow - or perhaps they also aren't sure what tomorrow will bring so are buying now while they know for sure what it will cost.

I think if the sp gets over and stays over $2 for a while would could see a pop - when small cap funds buy in - I'm sure there are some watching and interested - which I think is what helped drive the last upswing to $2.40ish.

My previous hope was for earnings between 0.02-0.03 - my *guess* now is for 0.01-0.02.

I'm an optimist - so I will likely sit tight and ride out whatever comes tomorrow - continue to hold for the long term play - which again I think at this point is looking outstanding IMO.
Bullboard Posts