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Hersha Hospitality Trust Message Board

  • bidwillie2 bidwillie2 Oct 10, 2010 2:49 PM Flag

    Nice volume on friday

    any announcements coming soon or are people just exiting this stock?

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    • Yes, and a nice little up. It gave me the satisfaction of selling 1/2 my investment in HT (only 400 shares remain). I responded to a couple of posts several days ago clarifying the dilution through equity raises (48M shares to 148M shares at present). There are three times as many shares as when they sold for $10-12 in 2007 with a larger dividend.
      My belief is that HT throws out a nickel dividend and its responsibility to shareholders and share value ends right there. Common shareholders are truly HT's commoners. The dilution in shares were principally at $3.00 or less (67M shares). While HT has probably been very resourceful in purchasing NYC hotels recently which should provide significant earnings, the excess shares added at such a low price will stunt future growth.
      jgtaylor, GLTA
      PS If you're not an institutional investor then, IMHO, you should run for cover, especially above $5.50.

25.07+0.28(+1.13%)Oct 8 4:03 PMEDT