Well, a flat 2013 when we keep hearing about a recovery. No dividend. No growth. Am I missing somethig? The only thing that makes sense is that after redeaming the preferred they can issue some new preferred at a lower rate and buy some good hotels. What exacly is the plan here? I guess maybe the analysts will ask tomorrow.
I read the realease more attentively and I guess if they can get a couple of hotels at a good price all may be OK. But I don't know why they think they can get a good price. The Miami fiasco just has me nervous.
Pay executive salaries and bonuses. Pay them again next year and every year until someone realizes how much we have stolen from shareholders!!!
There is no plan and these clowns get away with it simply due to the fact that its a small company is a market segment than many funds invest in the entire segment - and pay SHO no attention simply due to their small size.