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TravelCenters of America LLC Message Board

  • analyst112 analyst112 Dec 10, 2013 10:00 AM Flag

    Good news

    Reducing leverage in rising interest rate environment. C-Stores 31 locations cost $67MM and will add more than dilution from new shares. This is a $20 stock.

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    • But it has been "a $20 stock" for two years. It will never be a $20 stock again if management doesn't give a rip or isn't allowed to give a rip. Clearly, they do not care about delivering value to shareholders. They are concerned about delivering value to others. No mas. I took profits this morning and won't look back after today.

      Sentiment: Sell

    • Agree. Typical reaction to a share offering. I doubled up. Prematurely, perhaps, but the reaction looked extreme and the stock looked oversold. We'll see.

      • 1 Reply to charliezap
      • Citi initiates at BUY. Sets TP @ $11.
        TravelCenters of America (TA)
        The Truck Stops Here; Initiating Coverage with a Buy Rating
        *** Initiating With a Buy Rating and $11 Target Price — We are initiating coverage of
        TravelCenters of America with a Buy rating and $11 target price, which represents a
        ~17% ETR. TA is a well-established player within the travel center industry with
        best-in-class facilities, both strong internal and external growth opportunities, and a
        seasoned management team.
        *** TA Has Significant Competitive Advantages — The company has significant
        competitive advantages, including larger facilities than competitors (on avg about 25
        acres w/ ~200 parking spaces vs. ~100 for its 2 largest competitors) in good
        locations (primarily at US Interstate exits). The company also provides a value
        proposition for customers (rather than competing solely on price). For example,
        given their large size, their locations are a one-stop location for truckers and
        customers to find parking, eat, buy merchandise, receive repairs, and even shower.

8.20-0.18(-2.15%)Jun 24 4:02 PMEDT