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Re: teamhocking post# 22

Wednesday, 11/18/2020 4:52:55 AM

Wednesday, November 18, 2020 4:52:55 AM

Post# of 27
As a REIT they're required to payout dividends when they're making money, which, at the moment they're in the hole.

I dug up their most recent filings, and the numbers are actually worse than I thought. The crazy part is that they continue to overpay for acquisitions, and they include these acquisitions in their filing and show how much they paid for them.

Room revenue wise they're down more than 50% YOY. I don't see them making any money for quite a while, IMO.



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