Been dropping since Yellen speech, fears of interest rate hikes would depress MLP stocks.http://www.usatoday.com/story/money/business/2014/07/02/yellen-remarks-imf/12012363/
Check the news, Whirlpool makes Kenmore for Sears, and big class action lawsuit because of mold in front loading washing machines. #$%$, watch for bigger drop on Monday with news out today
Anybody on this board own any of buildings that Starbucks leases?
I bought one and am looking to add another
also have small stock position, It seems the Starbucks customers are addicted
I think it may have to do with the lack of capacity in Cushing Oklahoma to take more oil into storage.
Just sold mine
In doing my DD in this equity, the following was from last quarters report.
Although security deposits were applied to deficient rents, there will not be enough to cover further quarters.
Can someone share thoughts?
"During the six months ended June 30, 2010, all payments due to HPT under its hotel leases and management contracts were paid when due except for certain payments from Marriott International, Inc., or Marriott, and Barceló Crestline Corporation, or Crestline.
During the six months ended June 30, 2010, the payments HPT received under its management contract with Marriott (Marriott No. 3 contract: 34 hotels which requires minimum returns to HPT of $44.2 million/year) and under its lease with Crestline (Marriott No. 4 contract: 19 hotels managed by Marriott which requires minimum rent to HPT of $28.5 million/year) were $8.9 million and $5.6 million, respectively, less than the minimum amounts contractually required. HPT applied available security deposits to cover these shortfalls. Also, during the period between June 30, 2010 and August 8, 2010, HPT did not receive payments to cure shortfalls for the minimum returns due under this Marriott management contract and the minimum rent due under this Crestline lease of $0.5 million and $0.9 million, respectively, and HPT applied the security deposits it holds to cover these amounts. At August 8, 2010, the remaining balances of the security deposits for this Marriott management contract and this Crestline lease held by HPT were $17.6 million and $13.5 million, respectively.
At this time, HPT expects that Marriott will continue to pay HPT the net cash flows from operations of the hotels included in the defaulted contracts. HPT believes the security deposits it holds from Marriott and from Crestline for these contracts will exceed the 2010 shortfall of the payments it expects to receive compared to the minimum payments due to HPT under these contracts. Other than applying the security deposits to cover the differences between the net cash flows received from operations of these hotels and the contractual minimum payments, HPT has not yet determined what additional actions, if any, it may take as a result of these defaults.
As of August 8, 2010, all other payments due to HPT from its hotel managers and hotel tenants under its operating agreements are current. Similarly, all contractually required payments due HPT from TravelCenters of America LLC, or TA, for the two leases of travel centers by TA are current but TA continues to defer $5 million/month pursuant to the previously disclosed rent deferral agreement between TA and HPT."
i guess freedom of speach is not something that Americans can retain without "being investigated!!!!"
Ship her to Afganistan or Iran where she can study religeous freedom under moslem rule