several things hurting TA still...(even at these extremely cheap valuations) * stock is under $5/share (which prevents many mutual funds from investing due to their charters) * small market cap * HPT relationship * inconsistent earnings I understand all the above..but like Gretzky, the great hockey player said, you dont go where the (hockey) puck "is", but where it is "going"...I believe where TA is going is much higher...the Street is looking at where it "is"...huge difference in perspectives...
I think one of the "biggest" impediments to the stock price is MANAGEMENT. Did you listen to the CC, especially the Q &A? O'brien was stuttering and stammering to answer the questions asked by analysts. The recent seeking alpha article shows that his interest are not aligned with shareholders.
I know it won't happen, but we need new management.
Right now, people are worried about a double-dip...if that happens, it will hurt TA's business. And since TA has such high operating leverage, any change in people's perception of the economy is going to have an outsized impact on TA's stock price.
Only thing to do is buy and wait for the sentiment on the economy to change.