Yes, someone gave away the real assets of TA: Ownership of the travel centers.
Convenience stores are a dime a dozen. If there is a good location, completion can come in the next day. Not travel centers.
Well, I think TA is dead money now. On the next market moving up, I will get all out.
The current price is still a bit higher than my cost basis. Please don't go below $9. Just think it was over $17 not too long ago.
This company just received $279 million from the sale leaseback of assets. Why the need for another $100-$115 million? More convenience stores? Will the acquisitions yield significantly more than the cost of the debt and the cost of the previously nonexistent lease expense? Perhaps a comment from management? They need to address to conflict of interest and return on investment issues to gain any measure of credibility.
I am frustrated and very long, albeit at lower prices, so far.....
not that hard. Its a truckstop piggybank run in the interests of HPT and Barry Portnoy, who has become rich beyond rich, fleecing the shareholders of public companies. Dishonest, dishonorable, and under performance are his trademark.
Don't shot the messenger.
Why on earth TA paid off a debt with big expense, then issue debt at about the same interest rate? Normally, a company would pay off a higher interest rate debt with a lower interest rate debt.
Why on earth TA still have to pay 8%?
It looks like someone is trying to create more fees here folks.
Who is looking after the shareholders?
Market was kind a spooky today. I missed 11.25 today, didn't buy anything, cancelled my gluu order brefore it dropped, and not upset about it. Oil was up today too.
There is a MM playing this stock once a month, they have access to the stop loss limits on some of the shaky hands and decide to ride them out. This will go back to the 12 - 13 range next week.
Folks, just be careful
Oil price will be all over the place
TA's margin will be all over the place
don't buy when TA margin is high, as it will reverse
buy when TA margin is low, as it will reverse
Yes, buy HPT
Owns almost all of the travel centers (the jewels)
Owns 10% of TA
Now on sale $26
Shareholders will get a special dividends of RMR stocks some time next year
You don't have to thank me
Just don't "shot" me
Not earnings, Q3 not even done, but someone is selling more than usual. It doesn't take much for a single invester to move the price trading a larger block of shares in this stock. Might just be nothing.
We're over a month from earnings being released. The quarter isn't even over so I don't know what is meant to have been leaked. The only news is the closing of the latest sale-leaseback with HPT.