Recent

% | $
Quotes you view appear here for quick access.

Strategic Hotels & Resorts, Inc. Message Board

  • duksinatruck duksinatruck Nov 4, 2009 6:00 PM Flag

    minus e...not good,,you read!

    Net loss attributable to common shareholders was $73.5 million, or $0.97 per diluted share, compared with net loss attributable to common shareholders of $65.7 million, or $0.88 per diluted share, for the third quarter of 2008.
    Comparable EBITDA was $31.2 million compared with $55.8 million for the third quarter of 2008.
    FFO was a loss of $37.1 million, or $0.49 per diluted share, compared with a loss of $72.1 million, or $0.95 per diluted share, in the third quarter of 2008. Comparable FFO was a loss of $5.2 million, or $0.07 per diluted share, compared with income of $22.3 million, or $0.29 per diluted share, in the third quarter of 2008.

    The company reported financial results for the nine month period ending September 30, 2009 as follows:


    Net loss attributable to common shareholders was $202.6 million, or $2.69 per diluted share, compared with a net loss attributable to common shareholders of $63.1 million, or $0.84 per diluted share, for the nine month period ending September 30, 2008.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree. Sometime during 2010 it will be wise to issue new shares. Perhaps reduce that bank line which carries heavy interest and place limits on how they can use their cash.

    • The results this quarter are similar to last quarter's and that is a problem... their EBITDA is barely ahead of current interest rates so they seem to be boxed into this debt situation.

      They can try to throw a net over the whole debt like FCH did and push those maturities way out with a bond... the problem is that I do not think they can handle current interest rates with the current EBITDA.

      So I am still thinking they need to do some dilution... maybe in steps... timed to take care of those maturities as the extensions expire... and hope for a better share price as they take care of them.

      I am already set up to listen to the web-cast at 10am...

    • Cannot believe they wait till now to write down the French hotel for $30.7 million. Why did they not do it back in March or June?

      Oh well; got to look forward. Geller better have an excellent plan for get out of this in the CC! He been working on it since September 2008.

 
BEE
0.00(0.00%)