Replies to post #63 on Condor Hospitality Trust Inc fka CDOR

[temp luvs amy]

"Buy land, they're not making it anymore." - Mark Twain

I always wanted to own a few motels.

[vpagano]

And so here we are with a 50% off price tag to book value. What do we get? An active micro and macro turnaround methinks.

Macro in the sense that the hotel industry has had a nice recovery overall and micro in that the company is taking the necessary steps to set themselves up for the future.

The next question that remains is how long until AFFO and EBITDA begin to recover?

In a situation like this, leveraged and with such a small market cap, we have an option-like possible recovery. When the turn comes operationally, and investors realize a steep BV discount baked in a liquidation that would not occur, shares will rise. When will that happen?

We might be getting closer each day...