Jason, Greeninvestor, BigSec, Runamok, and all of the various parts of Invesco's little brain keep posting on this board.
Showing us detailed financial models?? NOTTTT
Giving us links to good industry information as many do?? NOTTTT
Giving us a summary of quarterly cc as yield does?? NOTTTTT
Knowledgeable about the nits and grits of the day to day business here from an internal perspective like hotelater etc?? NOTTT
Invesco?? Trying to show his dick is bigger than yours with old information!!
Trying to buy stock cheaper?? MAYBE
Their party may last till around April 15. Not only are taxes due, but Q1 from AHT will provide tangible evidence of their relative performance and should pick up a few of the analysts who will wake up and realize that their average cost of debt is 3.4%. Thus, even with 60% debt ratio...it is like having a 40% debt ratio with 5.1% average interest cost!! DUHHHHHHHHH
Also, we don't need the "bitchy" little skirmishes with Carl and we certainly don't need anti-semitic remarks from Jason!!
OMG, I was so wrong. I would like to apologize to all the Accor and Motel 6 people in America for comparing you to “Ashes” Hospitality. It seems they are light years ahead of Ashford Hotels and have been outperforming the REITs big time like the Choice Hotels. I always knew anyone off the street could run a motel. So the next time someone says, “This isn’t rocket science” maybe Ashford should listen up.
BTW, Green Dude, this press release is for you and all those backward haters… lol
Lol… Green Dude you got this Remington GMs running scared now. I see now why they will be unionized in 2009. They must hire all the leftovers from Motel 6 Hotels… lol Watch out, they are going to throw a shoe at you at the shareholders meeting… lol
I just finished reading the press release from 12/26 that everyone continues to refer and have ruffled feathers. I agree it is a dime late type of release. And the day after Christmas during a holiday seems shameful for such a Christian family like ours. Why on heavens earth would Jr. make the 1/3 statement is beyond me. He is suggesting that 2/3rd of our management company are not well prepared. Saying this one year into the recession, I agree seems “juvenile”. Surely someone proofs these press releases. Frankly this old cat is having a hard time exactly understanding what on heavens earth Jr. is talking about with all that double talking.
He only has 66 employees. What on God’s Green earth is he going to cut? If the management company was not cutting by last summer, what on earth was going on?
Furthermore, for the record, I sent a complaint to the SEC and I am proud of it. I am sure others did also. That is our right as holders. How do you think we protect holders? Although not a comparison, I did the same during the Texas Savings and Loan fiasco also. Anytime humans are dealing with real estate and other people’s money UPOD. Under Promise and Over Deliver. When someone is NOT doing that in a REIT, raise the hell out of that flag! Those who wish to remain private can send to firstname.lastname@example.org .
I am not the least bit concerned how I come across to you.
I am here to discuss the company and stock. When people make good arguments or poor ones, then I shall choose to respond.
I believe the juvenile on this board would be the person who does not provide substantive analysis.
LOL… Dude take a chill pill. You are coming across like an angry little girl and they are making you look foolish… lol… you gotta learn when to play and when not.. lol… how old are you? 12? Read the information, digest it, filter it and move on… lol… Geez, you would think you were the IR or CFO guy himself… lol
"-The market has judged your argument already and the market judged that case already."
Yes, they have. And markets are not always efficient. Thus, the price of the stock reflects that judgement, combined with various other crosscurrents such as tax loss selling, margin calls, etc.
I, however, have determined what my risk tolerance is, analyzed my investment accordingly, and feel comfortable with my position in the stock. I also have a 5-10 year time horizon and this investment represents a small portion of a diversified portfolio.
"Several Security Exchange Commission complaints to enforcement have resulted which is never a positive sign."
Unless you can specify what these are with regards to AHT, I take this as scurrilous nonsense.
"-Everyone has motive and only a fool would announce that motive publically."
Wrong. If the motives are sincere -- whether to offer thoughtful analysis, make a long case, make a short case -- then it allows other readers to judge the post accordingly.
"Anyone who waits on generic message board analysis for their decision deserves the value of their worth."
99% correct. I will take the opinion of a hotel owner like hotatalater over an investment bank "analyst" any day, just as I take the opinions of a very select group of posters on some very select other boards seriously, knowing as I do that they are active in that particular industry and have been proven right on more than one occasion.
"Anyone who efforts to post one are just as foolish."
99% correct. See above.
"Message boards play a determining role in the observation, stability and style of a company never financial. Many insiders (hotel employees) attempt to relay information that is unable to otherwise. "
You just got done saying that message boards are essentially worthless, then you turn around and say they have value. Your arguments are inconsistent.
Most people agree with some of what you share. However, the last minute press release was childish and I have to agree with BigSec75 on that one. I was on vacation and returned to Jr. finally sharing what we have all been aware of for months. I am currently reading the press release now again it is does not give any information of merit.
Risk Mitigation 101. I had that class back in the late 90’s. Before I took up investing I was a loan officer. During my tenure, the company I worked for got bought out by, we’ll say one of these very large financial company’s in need of bail out money. IT was amazing what kinds of loans we made with this new company because these loans were going to be packaged into MBS’s. Before they buy out we were in charge of collecting our own. Which meant you would wanted to make sure the loan made sense. After the buyout you didn’t care as long as it fit the guidelines.
After I left , I stayed away from both bank stocks and companies that invested into MBS’s( ie HIG, GNW, Freddy). To my surprise, many people held a lot of stocks in both sometime up to a combine 50%. So when the downturn came last year these people took a double hit.
I guess my whole point is, management has made some mistakes along the way and hind sight is always 20/20. If we didn’t see a downturn and everything was great, AHT would of realized some big gains. But that not the case, the economy sucks so now they have to make a change in plans. At lease management was able to do that. There are plenty of companies out there still running the same way not making any changes. GE is one example of that, they plan on still paying the same dividends as last year.
-The market has judged your argument already and the market judged that case already. Several Security Exchange Commission complaints to enforcement have resulted which is never a positive sign.
-Everyone has motive and only a fool would announce that motive publically.
-Anyone who waits on generic message board analysis for their decision deserves the value of their worth. Anyone who efforts to post one are just as foolish.
-Message boards play a determining role in the observation, stability and style of a company never financial. Many insiders (hotel employees) attempt to relay information that is unable to otherwise.
Bashers can bash all they want. Arguments with merit have merit. Arguments that don't, don't. You may or may not alter your investments accordingly.
Most people, however, generally are clueless on Yahoo.
Run35, I thought we'd settled this issue about mezz loans. Must I repeat it again?
AHT's strategy was fully disclosed in its prospectus.
They decided that during down cycles that they could recycle capital via hotel sales into mezz loans in an effort to generate a return on capital while other hotels simply suffer from operational slowdowns.
In addition, they only intended to make mezz loans that, should they default, they would have some other recourse to deal with. If you are stupid enough to believe that they just throw money willy-nilly at any old mezz loan, then you deserve the label "Stupid".
At the time these mezz loans were made, the full extent of the economic crisis we are now in were not on anyone's radar. You will note, in fact, that they have not made any mezz loans since the ESA loan in July (before Bear Stearns blew up, triggering the nightmare).
At the time, they had more than enough cash to fund operations, pay all divvys, and meet all debt service. And, in point of fact, they continue to have enough to run their operations, meet debt service, and pay the Preferred. So your statement is not only wrong, it demonstrates your lack of knowledge.
I don't know what you refer to as the "mess", but given your singularly poor analysis of this company, I'm not terribly concerned.
Finally, should any of these loans end up costing them dearly, then they will known better next time around. Personally, I suspect they will make lemonade out of any ESA default and the two Westin properties currently of concern.
So, as to your posts, they have no merit. I suggest you go back and learn more about the company unless you enjoy being embarrassed.
Alternatively, if you are capable of making a post of merit, we welcome your input.