TSX:HOT.DB.V - Post by User
Comment by
wheeloffortuneon Mar 06, 2020 8:33pm
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Post# 30778155
RE:RE:Div.
RE:RE:Div.Does Corona mean less people staying in US hotels or less people taking trips outside the US and opting to vacation in the US and stay in US hotels instead meaning more revenue? They've been talking about a divy cut all last year and it never happened.
hawk35 wrote:
I would wait before buying here. The writing is on the wall for the dividend. The virus means fewer people staying in hotels. My guess is that a 50% cut is coming similar to what Vermillian finally did today. Management has made a lot of good moves but they can't afford to run the debt higher so a cut will come soon.