CLS 5.72EQB.TO 3.06HOOD 3.14CVEO 0MAL.TO 0.97BDGI.TO -1.78IYT 0.45IHF -0.28
Daily Stock Opinions and Ratings
Stockchase Opinions

Matt BaillieLegacy HotelsLGY.UN.TODON'T BUYMar 16, 2005

Holds the assets that Fairmount Hotels (FHR-T) manages. Fairmount still has a number of assets that it will sell into the Legacy trust. Not a bad REIT for the hotel business. Has some stunning irreplaceable assets. Hotel business is a very difficult and unstable business. Higher Cdn$ means less US visitors and more Canadians going out of the country for vacations.
Matt BaillieMatt Baillie
No
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$7.10

Stock price when the opinion was issued

property mngmntinvestment
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HOLD

Legacy Hotels(LGY.UN.TO)

Jul 13, 2007
Being acquired by Caisse de depot.
Photo of Chris Rankin, MBA, CFAChris Rankin, MBA, CFA
No
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$12.45

Stock price when the opinion was issued

property mngmntinvestment
COMMENT

Legacy Hotels(LGY.UN.TO)

May 07, 2007
Market is expecting this to be taken out. Good assets. Sold his holdings when the price went up. It could possibly yield another $1 if you hold. Not a Buy.
Photo of Charles DillinghamCharles Dillingham
No
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$14.29

Stock price when the opinion was issued

property mngmntinvestment
COMMENT

Legacy Hotels(LGY.UN.TO)

Apr 11, 2007
A wonderful asset and looks like it is going to be taken out. There might be $.75 to $1 more, but if you own, consider taking some profit.
Photo of Charles DillinghamCharles Dillingham
Owned
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$13.99

Stock price when the opinion was issued

property mngmntinvestment
BUY

Legacy Hotels(LGY.UN.TO)

Jan 12, 2007
A big part of its revenue are services in the hotels so it will have a tax situation. A value investment. Low yield at the moment. Will probably be acquired. Relatively safe.
Photo of Charles DillinghamCharles Dillingham
Owned
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$9.41

Stock price when the opinion was issued

property mngmntinvestment
HOLD

Legacy Hotels(LGY.UN.TO)

Jan 10, 2007
No real excitement here.
Photo of David BaskinDavid BaskinUnlock Rating
$9.49

Stock price when the opinion was issued

property mngmntinvestment
HOLD

Legacy Hotels(LGY.UN.TO)

Nov 24, 2006
About half their hotels are good quality Fairbourne brands. The other half are Delta. There is a good chance it will be taken out.
Photo of Robert LauzonRobert LauzonUnlock Rating
$9.11

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Legacy Hotels(LGY.UN.TO)

Jul 07, 2006
Dislikes the luxury hotel area. If there is a recession in the US, these things will get hit. Struggled for a number of years with their high payout distribution.
Photo of Paul Gardner, CFAPaul Gardner, CFA
No
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$8.19

Stock price when the opinion was issued

property mngmntinvestment
COMMENT

Legacy Hotels(LGY.UN.TO)

May 12, 2006
Great assets with high occupancy rates. There is a possibility you could see a corporate event here.
Photo of Sandy McIntyreSandy McIntyre
No
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$7.92

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Legacy Hotels(LGY.UN.TO)

May 05, 2006
Have great assets. Hotel industry went through a very tough period when travel was impacted by 9/11, SARS, etc. It is starting to recover but not as quick as expected. This company relies on US travellers coming to Canada but the strong Canadian$ is impacting this. Could do better in other trusts.
Photo of Kevin Hall BComm, CFAKevin Hall BComm, CFA
No
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$7.92

Stock price when the opinion was issued

property mngmntinvestment
SELL

Legacy Hotels(LGY.UN.TO)

Mar 24, 2006
Have some very nice properties, but they are big properties that need very high occupancy rates to make them efficient. Its parent, Fairmont, is being taken over which puts a different valuation on this and are starting to trade closer to their net asset value. Would consider moving out.
Photo of Robert LauzonRobert Lauzon
No
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$8.47

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Legacy Hotels(LGY.UN.TO)

Jan 30, 2006
If you don't continually put money into your hotel, the property will lose its appeal to attract customers. This happened in this case. Dropping its distribution which is realistic on their part.
Photo of Ben StadelmannBen Stadelmann
No
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$8.15

Stock price when the opinion was issued

property mngmntinvestment
WEAK BUY

Legacy Hotels(LGY.UN.TO)

Dec 16, 2005
Has had a lot of debate. Has been doing better recently. More of a value stock rather than a yield. Underlying value could be in the area of $9. Has the same problems that a lot of hotels have, i.e., US visitors are not coming up like before. If it got around $8.50, he would look at selling it.
Photo of Charles DillinghamCharles Dillingham
Owned
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$7.65

Stock price when the opinion was issued

property mngmntinvestment
PAST TOP PICK

Legacy Hotels(LGY.UN.TO)

Nov 25, 2005
(A Top Pick March 11/05. Up 2%. If you add in the distribution, you’re up about 7%.) Was selected in anticipation of renewed travelling during the summer months. It didn't happen.
Photo of Gail MifsudGail Mifsud
No
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$7.40

Stock price when the opinion was issued

property mngmntinvestment
DON'T BUY

Legacy Hotels(LGY.UN.TO)

Jul 22, 2005
2nd quarter results were not as strong as many had expected. The recovery in the hotel industry has not turned out as well as they wanted. Doesn't expect any distribution increases this year.
Photo of Leslie LundquistLeslie Lundquist
No
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$7.05

Stock price when the opinion was issued

property mngmntinvestment
WEAK BUY

Legacy Hotels(LGY.UN.TO)

Jul 05, 2005
Has an outperform rating on this. Basically trading at book value. Have a very high calibre portfolio. Hotel business has had 3 very tough years. Will have to be patient.
Photo of Gail MifsudGail Mifsud
No
Unlock Rating
$7.30

Stock price when the opinion was issued

property mngmntinvestment

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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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