I meant March. hehe. Look HPT is down 1.36 percent right now while all 3 indices are up or flat. What ever is bad for HPT is good for TA.
Does this deal seem in part related to RDG? It seems to me what Russell Glass was talking about.
In any event, TA is not paying a lot more rent in the future. We are paying a far less rent for those sites. Plus TA is not paying income tax on the gain right now. More over, 106 mil defered rent was kicked down the road by average 6.5 years, broke into four payments rather than one. Alls sites now have additional 30 year options. What more do you want?
I don't trust TA management, and I hate that Portanoy guys. Hard to believe they are doing this voluntarily. My thought is that Glass is threatening those guys #$%$ with a really hot rod. Glass mentioned $24 for TA.
In May I lost $17.50 calls. In june, I am lucky again reapeating April.
best of luck,
I think the selling is over too. I however dont understand why we had this huge selling from the first place. Did people really believe in 90 cents net and disappointed on 41 cents in the worst quarter? It seems I am too dumb to understand.
MPC done already. (The record result by Speedway)
May 4 DK
May 5 MUSA
May 6 SUN
MAY 7 TA
May 8 CST
I don't even remember the last time TA reported so early.
Thanks a lot for your reply.
If TA reports 80 cents on May 7, I think pps will be close to 40. It might go up just 8 dollars right on the day but in a week it will reach to $40 just like pps action after the last earnings. Of course that is a HUGE if. But it seems Speedway repeated the best performance in Q1. Their fuel margin for whole Q1 was 19.7 cents. A quote from Marathon's news release says "Speedway, MPC’s retail segment, performed very well, achieving record first-quarter earnings even before the contribution from its newly acquired locations."
Are you serious? Do you mean the TA pps action is interesting despite market and oil price? I guess you still are in vacation, and not reading the news...
I have a question to you. Forget about next year, and forget about even the second half. What do you think people will pay for TA if the Q1 net was say 80 cents a share?
I know you are very accurate in technical but with respect I think the price range would not be 17.50 and 18.50.
I share the same sentiment with you. But I had a happy predicament which I cleared out last few days. Around Oct 2014, rebalanced my portfolio so TA was about 10% of it. With $15 call options I accumulated and assigned, TA became over 40% of my portfolio last week. TA went more than double in that 6 month period. So I had to rebalance... I am a small guy to have any effect on pps by myself but I am sure there are many people who had the same situation.
I wonder what price people will pay if TA registered in Q1 another high number like 90 cents.