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FelCor Lodging Trust Incorporated Message Board

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  • RetiredPaperman RetiredPaperman Aug 5, 1999 12:32 AM Flag

    Legal Opinion

    an account with Paine Webber. Litt pulled the
    plug on you guys and he's probably the most respected
    REIT analyst. Instead of continued speculation about
    the reasons for the decline a copy of Litt's report
    (probably not prepared yet, but will be shortly) should be
    obtained and the highlights posted.

    I don't have a
    position as I sold out about a year ago but I've followed
    this board infrequently for a year. The one theme I
    have noticed is that FCH management seems to have
    always been overly optimistic about the future. Seems
    like it's happenning again...see slowness the next
    couple of quarters but next year looks good.

    How
    in the world can anybody predict what will happen
    with occupency next year? Yes, they obviously have
    fairly reliable estimates of the properties they'll have
    renovated by then but fill rate and occupency?? And based
    on an earlier poster's remarks missing occupancy by
    a few percentage points hits FFO hard.

    My
    guess is there is a credibility issue with management
    right now and you won't see the Litt's of the world
    upgrade until they actually see the numbers
    improve.

    Just the opinion of a distant outside and former
    shareholder.

 
FCH
7.40+0.240(+3.35%)May 2 4:02 PMEDT