As a stockholder of MT and HRP, who has seen his
market value erode, I personally favor the merger of MT,
HRP and HPT as opposed to managment's direction
towards spinoffs. The broader market seems to favor size
and diversification over the smaller caps. Management
favors spinoffs perhaps because it means more CEO's,
CFO's, COO's and CAO's but the revenue base shrinks in
order to pay for it, which is inimical to
These companies remain undervalued and struggle during
these adverse markets with regard to cost of capital
along with a somewhat stagnant and questionnable
revenue base. MT, for instance, is borrowing at 300 +
Libor not to mention its high cost of equity capital.
HPT and HRP struggles to a similar extent but not as
severely as MT.
IMHO, stockholders should make
their feelings known to the managements of these
companies that discussions along the lines of a merger
between at least two if not several entities would be
more consistent with stockholder
Development of a strategic plan regarding one's REIT holdings
can be achieved more readily through size and
diversification as opposed to spinoffs into smaller companies,
which leave management and stockholders more captive to
the interests of institutional creditors.
Thanks for your insight. From my experience... I
do find shareholders long term can be of more help
than short term daytraders working off volume and
momentum (and I do both also)
when I need more
viewpoint. I am a quick learn and appreciate any time
someone may give to help me make my own investment
choices. Lord knows I spend enough time reading/posting to
help others... just spend most of it on high-flying
stuff. Take care..Charm
If you need and want someone on a BB to convince
you to invest <your> money in a company, you
would be better advised to stick it in CD's,
treasuries, under the mattress, anywhere, and just forget
Go to a sporting event and the
cheerleaders scream "Go, team, go; give 'em hell.RAH!" The
team might win 100 to 1, or lose 1 to 100. The
enthusiasm and cheering has no effect on the outcome. Watch
the game and the players, not the
Your posting indicates a very low threshhold and
tolerance for uncertainty. You will never know where the
market is going short term; that is gospel! As for long
term--what are looking for? A dividend? Growth? Both? You
are not going to get both! Take that for gospel. MT
is not a dot.com stock that is going to move 10 to
25 points up or down in a day.
Do your own
research. Have an investment strategy. Invest only in what
fits that strategy. Make your decision based on your
own evaluation and strategy. If your strategy does
not a mechanism to get out to cut losses or preserve
gains, you would do better playing the slots in Vegas or
Atlantic City, whichever is closer.
win some and you lose some--that's the way the cookie
crumbles. The strategy that preserves more than it loses is
what you need. YOU WILL have losers; YOU WILL have
winners. Have better winners than losers. If you don't
like to lose; don't play!
Or, invest long and
I am still accumulating info at this time.
Interesting though.. I own David Lerner's Apple Reit II and
talked to them today. Depreciation is because when they
rent out property the government allows a
"depreciation" value. This adds more money into the pot to pay
dividends to investors as well as delaying a % of tax
because it is a REIT status. I found out Lerner has a
"fund of reits" and MT is in it. My fear in buying is
that with all the restructuring going on in MT... the
dividend will drop
and so will the price per share. I
wish I knew how much debt this company actually has
and understood its chances longer term of succeeding.
Is it poor, average, good or great management?
Someone please convince me!!! With regards...Charmher
Thanks for the advice. You know, I've never tried
picante sauce, but I'll give it a shot. I don't mind the
herpes much myself (doc says they are treatable), I just
feel bad that I gave it to the gentleman that calls
himself DCNBIGD. One wild night in the Lone Star
Oh well, thanks again drgonzo.
Your point seems valid reitstuff and I have no
answers to yours and other questions raised regarding my
remarks. The conference phone # was 800 633-8284, pswd.
11734532. I listened Sunday and hope is available to those
of you wanting to listen.