Stock price when the opinion was issued
Own hotels around the world. Super 8, Days Inn and Wyndham hotels. Done an incredible job. Good growth in earnings. Just reported. 16 x earnings. Good job of growing dividend. Bought back stock last year. Done very, very well in terms of managing their operations. There are not enough people yet that follow the story.
Got split off from Allstream. Land line is a very challenging business in the US. Very hard to grow in this environment. He does not like businesses that pay out ALL of their cash flow in the form of dividends.