interesting presentation fuel margins holding/still negotiating natgas deal with Shell/still buying travel centers on opportunistic basis-and below replacement costs/road squad connect growing biz with low capex/retail store margins good!
It sounded encouraging to me and CEO said that TA's shares were "attractive" valuation at current levels.
We strong presentation.....the Internal opportunities are very encouraging and indicative of how sharply the management is looking to increase profits. Our fuel margin has increased dramatically from 2006-07 when TA had it best years in EPS terms. The defference is the Fuel Volume. As the economy continues to get stronger and volume gets back to those levels with the new margins combined and none fuel sales which has increase dramatically as well sets up TA for its best years yet. One has to mix in the additional wholly owned sites to the mix with no associated rent as well for extra kicker.
You may be on to something about setting up for an offering ... there was relentelss volume and price action to this level ... I did not wach the presentation ... did they say anything at all about desiring to do another offering or raise addditonal capital? It seems to me that their capital needs have been met for at least the next twelve months with the Senior Note offering.
Could be.....I agree with you about the presentation. But one thing that makes me much less bearish than you is simply the price action. It's like no one wants to sell shares. It'll consolidate, it's doing it now, but it refuses to sell off.