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Compiling comments that experts make about stocks while on public TV.

2017-09-13

Opinion for American Hotel Income Properties (HOT.UN-T)

Signal Price Bias Subject Owned
COMMENT $9.040 UNKNOWN REITs, BONDS AND DIVIDEND STOCKS No

They were always known as the railroad hotel as they had contracts with railroad providers. That is now only about 20% of the REIT. They focus on secondary markets in the US and have brands including Marriott, Hilton and Holiday Inn. They came in with numbers that were light. Margin compression was happening at the rail side of the business. There were also some timing issues with regards to a couple of the new hotels. This is a play on US GDP growth. With the US$ where it is, this is probably not a bad time to have US assets. He would like to see another quarter numbers. About 78% payout ratio which is normal. Distribution of almost 9%.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management http://www.avenueinvestment.com/

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