[[BEE]] Strategic Hotels & Resorts
My near-term target is close to $4 but I already held to $3 once and then watched it tank. “Keep it together, keep it together”. The plan, for now, is to stick to the plan.
It’s up on a lot of positive news, namely certain hedge funds are buying in plus recent hotel sales that should help their cashflow. Fundamentally speaking, they have a lot of debt but also own high value properties like the Ritz hotels. Bill Gates reportedly purchased 5.6% of active stake at around $8/share.