Opinions
Robert Lauzon
Legacy Hotels
LGY.UN-T
HOLD
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.
$9.110
Stock price when the opinion was issued
property mngmnt
investment
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
SELL
Have some very nice properties, but they are big properties that need very high occupancy rates to make them efficient. Its parent, Fairmont, is being taken over which puts a different valuation on this and are starting to trade closer to their net asset value. Would consider moving out.
property mngmnt
investment
DON'T BUY
Have great assets. Hotel industry went through a very tough period when travel was impacted by 9/11, SARS, etc. It is starting to recover but not as quick as expected. This company relies on US travellers coming to Canada but the strong Canadian$ is impacting this. Could do better in other trusts.
property mngmnt
investment
Advertising