Holloway Lodging

HLC-T

Analysis and Opinions about HLC-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 2, 2013

(Worst call ever made.) He was in on a private placement at $2. Adjusted cost base was as high as $3.60. The last time he sold it was at $0.28. This was followed by a 40 to 1 consolidation.

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(Worst call ever made.) He was in on a private placement at $2. Adjusted cost base was as high as $3.60. The last time he sold it was at $0.28. This was followed by a 40 to 1 consolidation.

COMMENT
COMMENT
June 4, 2012
This has been subject to an exclusive bid in early May. Results should be announced any day.
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This has been subject to an exclusive bid in early May. Results should be announced any day.
COMMENT
COMMENT
March 17, 2010
Limited service hotels. Huge exposure to Grand Prairie Alberta, a gas town. If you expect gas to recover, this is a name that will benefit. Need more drilling activity and drilling crews staying at their hotels. Quite a bit of debt outstanding that needs refinancing. If a long-term investor and comfortable owning small caps, you'll make some money going forward. Better names available.
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Limited service hotels. Huge exposure to Grand Prairie Alberta, a gas town. If you expect gas to recover, this is a name that will benefit. Need more drilling activity and drilling crews staying at their hotels. Quite a bit of debt outstanding that needs refinancing. If a long-term investor and comfortable owning small caps, you'll make some money going forward. Better names available.
DON'T BUY
DON'T BUY
July 20, 2009
Outlook for lodging REITs and limited service hotels is very bleak for the next 3 to 4 years.
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Outlook for lodging REITs and limited service hotels is very bleak for the next 3 to 4 years.
SELL
SELL
July 13, 2009
(Market Call Minute.) Tough times in the lodging space.
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(Market Call Minute.) Tough times in the lodging space.
COMMENT
COMMENT
July 3, 2009
A bit sceptical about hospitality, tourism, etc. type of REITs. Focused in Western Canada. Occupancy has dropped and payout ratios are out of whack a little bit. One good way to play this is through the convertibles.
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A bit sceptical about hospitality, tourism, etc. type of REITs. Focused in Western Canada. Occupancy has dropped and payout ratios are out of whack a little bit. One good way to play this is through the convertibles.
SELL
SELL
June 25, 2009
(Market Call Minute.) Hotels in the West where there are a lot of natural gas problems. Very hard for them to come back.
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(Market Call Minute.) Hotels in the West where there are a lot of natural gas problems. Very hard for them to come back.
COMMENT
COMMENT
June 3, 2009
Limited service hotels, primarily Western Canada. Overpaid for a large portfolio of assets in Grand Prairie. Good management. Will not qualify as a REIT under government rules. However are only taxed on taxable income, which is nil and they won't be taxed under new legislation.
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Limited service hotels, primarily Western Canada. Overpaid for a large portfolio of assets in Grand Prairie. Good management. Will not qualify as a REIT under government rules. However are only taxed on taxable income, which is nil and they won't be taxed under new legislation.
COMMENT
COMMENT
March 17, 2009
Limited service hotels primarily in Western Canada. Big exposure to natural gas areas so occupancy is down. Cut distributions and it is now at a level where they can pay distributions, pay the amortization on debt and fund their CapX internally. Sustainable at these levels. Lodging and seniors housing REITs will cease to be REITs by the end of 2010. The company should survive.
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Limited service hotels primarily in Western Canada. Big exposure to natural gas areas so occupancy is down. Cut distributions and it is now at a level where they can pay distributions, pay the amortization on debt and fund their CapX internally. Sustainable at these levels. Lodging and seniors housing REITs will cease to be REITs by the end of 2010. The company should survive.
COMMENT
COMMENT
November 3, 2008
Limited service hotels in Western Canada. Huge exposure to Grand Prairie giving you a huge exposure to natural gas pricing. Average daily rate has gone up each quarter. If you are bullish on gas prices, this is a great entry point. Have a lot of cash on the balance sheet.
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Holloway Lodging (HLC-T)
November 3, 2008
Limited service hotels in Western Canada. Huge exposure to Grand Prairie giving you a huge exposure to natural gas pricing. Average daily rate has gone up each quarter. If you are bullish on gas prices, this is a great entry point. Have a lot of cash on the balance sheet.
COMMENT
COMMENT
August 13, 2008
Limited service hotels in Western Canada. Highly exposed to gas drilling so if you are bullish on gas prices this company will be a prime recipient. Stock is about a year behind where it belongs. Over distributing. Should have 100% payout ratio in a year. 16% yield.
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Holloway Lodging (HLC-T)
August 13, 2008
Limited service hotels in Western Canada. Highly exposed to gas drilling so if you are bullish on gas prices this company will be a prime recipient. Stock is about a year behind where it belongs. Over distributing. Should have 100% payout ratio in a year. 16% yield.
COMMENT
COMMENT
June 2, 2008
60% of hotels in Alberta. 20% in gas areas. Got hurt badly with the implosion of drilling. Drilling has picked up but is volume anywhere close to what it was? Gas locations may remain slow because of a lack of rigs. The rest of their areas are doing well.
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60% of hotels in Alberta. 20% in gas areas. Got hurt badly with the implosion of drilling. Drilling has picked up but is volume anywhere close to what it was? Gas locations may remain slow because of a lack of rigs. The rest of their areas are doing well.
HOLD
HOLD
June 2, 2008
A group of 4 or 5 investors own over 50% so there is a chance it gets taken out.
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A group of 4 or 5 investors own over 50% so there is a chance it gets taken out.
PAST TOP PICK
PAST TOP PICK
March 24, 2008
(Top pick, February 16, 2007. Down 22%) Satisfied with what they’re doing to turn their ship around. We’re long-term strategic holders in this name. Comfortable at this level. Would buy at this level.
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(Top pick, February 16, 2007. Down 22%) Satisfied with what they’re doing to turn their ship around. We’re long-term strategic holders in this name. Comfortable at this level. Would buy at this level.
COMMENT
COMMENT
February 29, 2008
The question with this group is the Palmeroy portfolio that they bought. Paid above replacement costs and renovations haven't borne out as they thought they would. Management is internalizing that portfolio now. Looking for better results of this portfolio in Q2 and Q3.
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Holloway Lodging (HLC-T)
February 29, 2008
The question with this group is the Palmeroy portfolio that they bought. Paid above replacement costs and renovations haven't borne out as they thought they would. Management is internalizing that portfolio now. Looking for better results of this portfolio in Q2 and Q3.
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