This hotel has been in bankruptcy at least once and maybe more. It is a nice facility but is located quite a ways from most of the activity on Maui. I doubt that they have a high occupancy except around Christmas time. This may prove to be a big mistake.
Give it a little time and let it settle down. Pretty soon the regulators will find someone else to bother and they will forget about mortgage servicing companies.
Can anyone tell me whether today's announcement about reserves is good or bad. I assume they have found more gold and silver but they estimate it is worth less. Is this correct?
Production is hedged as per the10k and a recent Seeking Alpha article that notes they have some hedges into 2015.
In their conference call a few weeks ago they seemed to imply that production was impacted by bad weather in January. Since February has been pretty bad so far as well I am wondering if they can reach their target for this quarter. So far this has not deterred the bulls that are pushing the stock up on a daily basis. Any thoughts on whether this seems like a reasonable idea/
Maybe the banks won't be such a factor this time due to the new reg's. I see where Goldman and a few others are reducing their commodity trading activities.
I was all set to buy this stock last week before it ran from 13 to almost 16. Now we have the cockroach theory of investing at work. Is this the last of the bad news or are there more problems ahead. An increasing backlog is good only if the business is profitable. I think we will now have to wait to see what happens during the current quarter before they can come back out of the doghouse.
If you read the transcript of their conference call and look at the numbers I think it is fair to say that the worst may be over for this company. I don't see a quick turnaround but it looks like we could see better stock prices down the road. Of course when the U.S, government is your primary tenant nothing is for sure but it does look better.