i think what most of you longs fail to realize is that HPT is using TA as an off-balance sheet arrangement. This means that HPT can just increase the rent that it charges TA since TA now has a new revenue stream through Shell. at the end of the day, TA is limited in its ability to increase share price because HPT owns the assets that will benefit TA.
I am very surprised that the judge in the lawsuit that resulted in lower lease did not order that the interlocking of boards (TA & HPT) be remedied so that there will be more independence between the boards!!!!
Yes this is important, AND it is in addition to the upcoming quarters earnings which should be very good. This is a future earnings stream, not a current one, but it gets TA in the news and associated with Shell. If the market is a discounting mechanism, this is an upcoming earnings stream as NG is rolled out!
Yes we know that TA pays rent. Walmart pays rent too. So do most food stores and most retailers. They pay rent to REITS.... I might add that most commercial real estate users have been lessees rather than owners. There are reasons to not like TA, Management interlocking boards, etc,. But what your suggest is down the list........ And I might add that because of the recession the business declined, but is NOW looking much better.