Give me a break. Management: "ISLE's size and leverage does not make us a candidate" for a PENN style REIT breakup.
ISLE HAS TOO MUCH DEBT AND FAILS TO HAVE AND NEED A MARKET CAP OF ONE BILLION.
Bottom line: management says NO to REIT breakup because "NO ONE IS INTERESTED IN THE DEAL" with ISLE having so much debt!
YIKES!! run for the hills.
PPS better not drop below $4 or shareholders will need to file complaints against this management team.
listening to the conference call this weekend, it appears the company is over leveraged.
and they don't have hotels or land to do any deals.
That's right they should do a total liquidation. The business model they use is broken, no one should be allowed to exists with SooooooooMuch debt.
Sentiment: Strong Sell