Stock price when the opinion was issued
This is for people who may be doing a work placement where they will stay for weeks or months, not your typical stay for a night or 2. A simple but effective model centred on providing value to budget focused leisure and business travellers. They are about to wrap up a very large CapX program. As that winds down, they will have very refreshed properties. Also, the amount they are spending comes down to free cash flow growth significantly, much of which is going to be returned to shareholders through dividends and buybacks. Dividend yield of 5.34%.
(A Top Pick Sept 7/16. Up 39.45%.) They were getting out of their long-extended renovation process, and were able to take all the money, and effectively de-lever and return it to shareholders, and the stock was very cheap. Has sold some of his position.