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La Quinta Properties Inc. (LQI) Message Board

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  • Vaalie60 Vaalie60 Feb 3, 1999 9:42 PM Flag

    Objectivity?

    You say you have a lot of analytical smarts, but
    you give no basis for your projection of $35 per
    share. At that price the yield would be barely over 5%,
    way below MT's peers in the medical and hotel
    sectors.

    The way is see it, MT will get to something in the
    $18-20 range, where the yield will be 9-10%. At that
    point I plan to take profits, so please enlighten me as
    to why it should go higher!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "The way is see it, MT will get to something in
      the $18-20 range, where the yield will be 9-10%. At
      that point I plan to take profits, so please enlighten
      me as to why it should go higher!..."

      Book
      value >$21

      cheers,

      dot

    • If the Hilton thing works out fine but explain
      your thoughts on that buy please. I think MT has done
      a lot better job in restructuring than PAH has.One
      guy downgrades MT and the stock drops 11/16. What a
      joke. I would much rather go with MT than PAH.By the
      way. Has PAH decided on a dividend yet or is it still
      quarter to quarter.Also MT can always raise the dividend
      Val.You didn't sell MT to buy PAH did you? Just a
      thought.

      • 1 Reply to rockandstock
      • I have bought into both MT and PAH and have sold
        neither to this point. Since MT has bitten the bullet and
        has a very credible restructuring under way, I see MT
        as a fairly secure holding with appreciation to the
        18-20 level as almost a sure thing. The value could go
        higher after the split.

        On the other hand, PAH
        clearly has deeper troubles and just how they get out of
        them is still not clear. I view PAH as a speculation,
        hoping the values are there, perhaps in the $10-12
        range. This target is not the result of any deep
        analysis (which I may try when I get some time), but just
        a guesstimate obtained by taking a discount from
        the $18 book value as of a year ago or so.

        I
        don't understand the downgrading of MT, especially to a
        'market underperform' -- I agree with you about that. I
        think it presents a 'buy' opportunity and I am trying
        to persuade my wife to buy some. She keeps asking
        why it was downgraded and I tell her that analysts
        are just human beings with emotions and complex
        motivations and that for some reason this one just got t'd
        off with management. Happy investing.

    • A yield projection of 5% in 12-18 months based on
      a price of $35. assuming no change in dividend
      payout will be exceptional and in line with the
      projected yields of other REITs in similar industries
      compared with a below 4% yield in long term T-bonds, 18
      months from now.

      Don't ask me how I know this
      because I'm afraid to tell you.

 

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