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Post# of 17992
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udontnome

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udontnome

Re: lmcat post# 5686

Wednesday, 02/02/2011 10:27:07 AM

Wednesday, February 02, 2011 10:27:07 AM

Post# of 17992
So, then, according to you the whole resort industry is a bad business model?

5 star hotel bought at a discount. Why, the discount? No idea. But a good deal is a good deal. The main thing I take from this is they accepted stock at a premium. $1. Since the whole idea is to buy low and sell high they must feel they will end up well north of a $1 to make the deal pay for them. I'm sure they did substantial DD and I find the best course of action would be to value their actions over others opinion.
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