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FelCor Lodging Trust Incorporated Message Board

  • bubblerforever bubblerforever Aug 7, 2008 12:01 PM Flag

    Price recovery

    My previous experience in dividend cuts that several Equity Reits have taken that strenghten their balance sheet have resulted in upward share price movement within a short period of time.
    I continue to hold my FCH.
    It's already recovered 68 cents from its low point yesterday. I expect this share price to climb throughout the next 30 days until we gain the amount lost ($ 80 cents) in the annual dividend cut. The drop started at $8.06 closing price the day before the announcement and reached a low of $6.56.
    I expect to see share price reach at least $8.86. Time will tell.

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FCH
9.47-0.53(-5.30%)Jul 30 4:03 PMEDT