Nice to see someone else noticed this as well. Also, lets look at his analitics abilites. He basically gave up trying to figure out American Hotel, too confusing, so just went bought because of feelings. And yet with American Hotel, he could not even compute that on a per unit basis, AFFO, FFO, Net Income, all falling for years. LMFAO.
Lots of Moving Parts
there are a lot of moving parts to this one...lots of big acquisitiions..writedowns...major renovation costs.....so this one is hard to value
That being said....the company has excellent management who really know the business and have been very successful in the past..
For me a key consideration is that management has been net buyers of the stock over the last year and more importantly...buried in the latest report is the fact that O'Neil will be taking all of his compensation this year in stock as opposed to cash......why would he do this if he was concerned that he would have to cut the dividend or that all the moving parts wouldn't work out just fine...
Based on all this I am following his lead and bought into the company...