stock is down from 12.50 on weak Q2 numbers. Remember Q2 this year was against a very strong Q2 last year. Analysts reduced their estimate for Q3 as well. Q3 last year was not that strong, gas margins were around 0.17, and fuel sales were down -6%. gas margins are running at 0.17 or better now. and fuel sales should stabilize, last year, company stopped selling fuel to franchisees. Non fuel was up 3% last quarter, will continue the trend. Tangible book value above $12. a nice take out candidate
HPT owns 8.6% of the shares and RMR contract can be terminated with a 3 month's notice. There are no provisions anywhere that would prevent a takeover of the company. But the investment rationale is not a takeover, but just long term earnings growth.