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FelCor Lodging Trust Incorporated Message Board

  • alt72w alt72w May 1, 2005 3:51 PM Flag

    Lots of insider buying last week.


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    • Eddy

      Thanks for your analysis. Personally I am up nicely on the common share price (70-100+%) and based on my original investment basis am collecting a nice dividend return of between 9-11%. WXH has been a good investment until now, but it may be time to move on to a REIT that is growing its FFO, same store returns, margins, etc. WXH's performance vs other lodging REITS is not good. I am also concerned that WXH is now getting a lot of its earnings from mortgage financing vs traditional lodging business.

      Again thanks for your thoughts.

    • Good Evening....

      WXH has their problems [a lot like other hotel type securities ]....

      Their latest FFO from Operations announcement indicated:

      "The real estate investment trust said its year-ago quarter FFO available to common shareholders were reduced by about $1.7 million due to costs associated with redemption of preferred stock."

      I am still waiting to see "ALL" the numbers before jumping to any conclusions....

      Keep in mind that a lot of us bought this 8.53 [while in retiree board discussion]. Currently, the market price of 11+ gives us a lot of downside protection [IMHO]. However, always howevers, current buyers would hardly buy WXH with its current dividend and recent earnings announcement over the "SHORT TERM" [IMHO]....

      Looking at the "PLUS" side, we are entering the summer months [vacation period for people] and their earnings should improve and their recent hit on their FFO because of the redemption of the Pfrd's will no longer affect their results. Their recent announcement

      on May 3rd should help some also....

      Looking at the charts, one comes to mind:

      Looking at their market price variations:

      *Best MktPrc "UP" movement: 7.65 04/09/2001 - 10.25 on 07/09/2001
      *Worst MktPrc "DOWN" movement: 12.12 07/08/1998 - 6.94 on 10/08/1998

      As for a dividend increase [any time soon], it is "NOT" in the cards for the short term. I do not expect a dividend increase "consideration" by management until 2007....

      Bottom line: If holding approx 1-2% of WXH in total portfolio, it appears as a continued "HOLD" against our known "RISK" factor IMHO....

      Skelly36 has 1.203% of WXH in total portfolio, 14.41% of current Reit's in portfolio, with a Hal computer "RISK" factor of 1.30645....

      Hope I helped a little....

      Live Long and Prosper....

    • Skelly

      See you own WXH. I also own its commmon and preferred. Would be interested in your take on latest earnings release and conference call if you listened. My impression was not good. Flat FFO, flat same store margins. No inclination to raise common dividend. Do you see any saving graces?


    • You need to find a new hobby. That is insiders being given shares, not new purchases. I would be happy for a stock grant of 10,000 shares, too. The stock is still a buy, but not for that reason. Discount to book value, recovering hotel market, higher revpar, etc. or real insider purchases.

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