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%.
He still likes this name. It has performed well over time. They are selling some properties to build the attractive portion of the business. You get a fair build in the business. It is attractive but not a Top Pick today.