TSX:HOT.DB.V - Post by User
Comment by
Jimmy713on Nov 10, 2021 7:07am
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Post# 34108570
RE:RE:RE:Distribution to be re-instated..a few quick points
RE:RE:RE:Distribution to be re-instated..a few quick pointsBased on results and Divy, we all agree that SP will open higher. But, I think SP could go even higher after the Call... HOT.UN is delivering their objectives - AHIP’s longterm objectives are to: (i) increase the value of its hotel properties through operating excellence, active asset management and investing in valueadded capital expenditures
(ii) expand its hotel portfolio through selective acquisitions on an accretive basis
(iii) Increase unitholder value and distributions to unitholders
CashHungry wrote: I think the market will be fairly neutral. I don't see it closing much higher. It will initially jump at the open to around 4.9 and then fall back near today's closing price. All small caps behave this way after this type of report. There will always be a few overly optimistic buyers who will crowd in at the open mis thinking that the stock is going to run and drive the price up in the first 15 minutes with their market price orders. Then there are no buyers afterwards to sustain the price and it inevitably falls back. My suggestion is if you want to add to your position wait until at least 11 AM est. Me, I am going to most like wait until sometime before Q2 '22 report is released, because i don't see this stock moving up much until then.