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Strategic Hotels & Resorts, Inc. Message Board

  • mrclean82400 mrclean82400 Jun 14, 2013 1:17 PM Flag

    Value Guesses?

    I see that Smith Travel asked someone who estimated $10 to $11. I rather like Orange Capitals $11 to $14 better. Any thoughts anyone?

    CHICAGO—Strategic Hotels and Resorts has hired investment bank Eastdil Secured to arrange a sale of the company, according to news reports.

    Ryan Meliker, a senior analyst with MLV & Company, wrote in a research note that the company could sell for about $10 a share, above yesterday’s closing quote of $8.44, but below the value of the company’s portfolio if its assets are divided and sold to other investors, a value he pegged as $11 a share.

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