Gaylord Entertainment fka GET

[MWM]

GET Gaylord Entertainment is getting hammered does anyone know anything, I see their earnings last week were really bad...

BRIEF: Gaylord Entertainment's losses more than double in 3rd quarter
Wed. November 05, 2008; Posted: 01:40 PM
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Nov 05, 2008 (Fort Worth Star-Telegram - McClatchy-Tribune Information Services via COMTEX) -- GET | Quote | Chart | News | PowerRating -- Gaylord Entertainment's loss more than doubled in the third quarter as fewer people stayed at the Nashville company's hotels. Shares of Gaylord [ticker:GET] plunged more than 20 percent after the third quarter results were announced, trading down $5.11 at around $16.82 at about noon CST. The company that owns of the Gaylord Texan in Grapevine, reported a loss of $5.52 million compared to a $2.15 million loss in the same quarter last year. Revenues however, grew 35.8 percent to $226.7 million, up from $166.9 million in the third quarter of 2007. "Advance bookings for our transient-oriented holiday programs slowed in the month of October and groups appeared to become more cautious about their future commitments, particularly as it relates to short-term local catering events," said chief executive Colin Reed.