TSX:HOT.DB.V - Post by User
Comment by
flamingogoldon Nov 08, 2023 9:50am
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Post# 35723404
RE:RE:Covid low of $1.12 taken out
RE:RE:Covid low of $1.12 taken outTrue, but in March 2020 when the distribution was cut and this hit $1.12 no one was travelling... no one. What good are low rates when no one can travel? At $1.46 pre-announcement much of this was priced in. Overreaction.
tylerreddick wrote: Interest rates were low back then and HOT wasn't facing refinancing at levels not even considered possible back then. Apples and oranges.
Everyone knew labor costs/availability and general inflation was a major problem. Pile on high interest rates, and the writing was on the wall.
Glad I got out a long time ago.