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TravelCenters of America LLC Message Board

  • blueskydriving blueskydriving Jan 8, 2013 6:21 PM Flag

    Prospectus for Senior Notes filed ...

    The big news is this that , "as of September 30, 2012, we owned 24 travel centers with an undepreciated book value of $192.0 million that are unencumbered by mortgage debt"

    And as of the end of December, they owned 25 travel centers.

    For the record, $192 million is more than the current market cap. And, the expansion continues ... at some point, our shares will be properly valued. Please read the filing ... I had to quickly review it because I'm running late ... glta

    Sentiment: Strong Buy

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    • Willing to bet there is a multiple site deal on the table being announced soon! Company is obviously moving quickly to expand and take advantage of the real estate carnage before the economy picks up more steam. With $110M already on hand in cash there is no other reason for this.

      Sentiment: Strong Buy

      • 1 Reply to sirius_yomama_2
      • Well they own 25 travel centers now and the prospectus mentions they have agreed on terms to acquire four more ... that brings it to 29 ... they have mentioned in the past an intent to acquire approximately 10 travel centers in 2013 ... the rest of the capital will be used to modify and improve acquired properties ... and, any TA responsibilities for Shell Oil Natural Gas project ... did you notice 30-year fixed rate mortgage is now 3.88% ... rates are climbing fast ... I'm just giddy to lock in $100 million in unsecured capital at 8.25% without dilution ... not sure what the share price will do but I'm extremely satisfied ... other opinions would be welcome

        Sentiment: Strong Buy

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