Bateman Eichler calls Hotel Investors Trust stock a good buy for speculative investors.Bateman Eichler calls Hotel Investors Trust stock a good buy for speculative investors The stock of Woodland Hills-based Hotel Investors Trust, a real estate investment trust in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of liquidation, is a good buy for speculative investors, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by the Los Angeles investment banking firm Bateman Eichler, Hill Richards. The stock was trading last week on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. at $4.375 a share. Bateman Eichler reports that, even in the worst case scenario
Worst Case Scenario is a reality show aired on TBS in 2002 in the U.S.. , the company's liquidation value Liquidation value Net amount that could be realized by selling the assets of a firm after paying the debt. would be $6.22 a share. And that value could go as high as $9.29 a share. "The current market for hotel stocks is, by and large, a disaster. Valuations are extremely low relative to asset values," the report states. "We believe that Hotel Investors will be liquidated in stages over the next 18 months. And shareholders should receive proceeds of about $7.50 to $8 a share from the liquidation." The price shareholders eventually receive, however, hinges in large part on the successful completion of a sale involving 27 of Hotel Investors' 32 hotels. EIE/Park Plaza, a Japanese conglomerate, has agreed to buy the 27 hotels for $152.2 million. |
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