Legacy Hotels (LGY.UN.TO) Buy, Sell or Hold

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Daily Stock Opinions and Ratings

Legacy Hotels (LGY.UN.TO)

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HOLD

Being acquired by Caisse de depot.

COMMENT

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.

COMMENT

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.

BUY

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.

HOLD

No real excitement here.

HOLD

About half their hotels are good quality Fairbourne brands. The other half are Delta. There is a good chance it will be taken out.

DON'T BUY

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.

COMMENT

Great assets with high occupancy rates. There is a possibility you could see a corporate event here.

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.

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.

DON'T BUY

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.

WEAK BUY

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.

PAST TOP PICK

(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.

DON'T BUY

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.

WEAK BUY

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.

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Legacy Hotels (LGY.UN.TO) Frequently Asked Questions

What is Legacy Hotels stock symbol?

Legacy Hotels is a OTC stock, trading under the symbol LGY.UN.TO (previously LGY.UN-T on Stockchase) on the undefined (undefined). It is usually referred to as or LGY.UN.TO

Is Legacy Hotels a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on LGY.UN.TO (previously LGY.UN-T on Stockchase) on Stockchase. Read the latest expert commentary for Legacy Hotels.

Is Legacy Hotels a good investment or a top pick?

Legacy Hotels was recommended as a Top Pick by Gail Mifsud on 2005-07-05. Read the latest stock experts ratings for Legacy Hotels.

Why is Legacy Hotels stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Legacy Hotels.

Is Legacy Hotels worth watching?

Legacy Hotels is covered by Stockchase experts and is worth watching.

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Legacy Hotels (LGY.UN.TO)