Rss Top Picks FeedRss Daily Feed| Click Here to receive daily reports of the TOP PICKS OR your personal stock choices | STOCKCHASEWhat the experts are saying! |
| There are 4 registered members and 37 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
|
| Comment | 4.650 | Jeffrey F. Olin | Very focused on hotels in Western Canada and, particularly, in Fort McMurray so it is a very leveraged bet on economic conditions and hotel market in particular in Fort McMurray. There are some risks to it. Good yield of 10.3%. Payout ratio indicates they are overpaying. Reasonable investment, but a high risk/high reward situation. | 2011-12-21 | |
| DON'T BUY | 4.560 | Charles Dillingham | Did terribly, but has come back very strongly. Based apartments in the tar sands. Too small for him. Very high-risk level. | 2011-09-19 | |
| DON'T BUY | 4.350 | Dennis Mitchell, CFA | He is not a fan of lodging REITs. Duration of cash flow is very short. Very volatile and economically sensitive. Sponsorship and management of this REIT has not been very consistent. | 2011-08-04 | |
| BUY | 4.690 | Douglas Kee | Small cap ($84 Million), descent yield. Hotels in Ft. McMurray. As long as they keep doing projects in the oil sands, this one is ok. | 2011-07-21 | |
| SPECULATIVE BUY | 4.180 | Jeffrey F. Olin | High risk/high reward. High dividend. Leveraged to Western Canada in Fort McMurry. Struggled in high cost debt, but have put much of that behind them. Recently started looking at it. A 1 trick pony so a bit more risk there. | 2011-06-21 | |
| SELL | 4.500 | Dennis Mitchell, CFA | A lodging REIT with a huge concentration in Fort Mac. Doesn’t like this one. On a risk adjusted basis, it’s kind of like walking across a minefield. There are other larger caps with similar returns, but without the risk. | 2011-04-20 | |
| WEAK BUY | 4.570 | Charles Dillingham | Has come back a lot. Did an issue in February. Business has picked up for them. They are pretty close to earning their payout ratio. High risk and fair amount of risk. Onee of the best performing so far this year. Have done a lot to clean themselves up. | 2011-03-10 | |
| DON'T BUY | 4.140 | Charles Dillingham | Lots of debt. The only thing positive is that it is very heavy in the tar sands area where activity is picking up. Definitely Caveat Emptor. | 2011-02-04 | |
| WEAK BUY | 4.140 | Jeffrey F. Olin | They are in the hotel sector. Significant concentration in Fort McMurray and some other markets in Alberta. It is concentrated in an asset class as well as in a region. It is not a bad place to be in today. | 2011-01-18 | |
| DON'T BUY | 2.750 | Jeffrey F. Olin | High risk/high return REIT. Fort McMurray. He doesn’t have a lot of hotel investments because guests are normally there for one night. If you think Fort McMurray is going to do well, then you will do very well. Management likes a lot of debt and investors have to be comfortable with that approach. | 2010-11-05 | |
| HOLD | 2.520 | Charles Dillingham | Recently sold one of their better assets to help their financial situation. 15% yield but about 144% payout ratio, which is very hard to sustain. Tar sands are picking up so chances of improving are there. | 2010-10-07 | |
| DON'T BUY | 2.650 | Charles Dillingham | 15% yield. Pretty sure they are overpaying on distributions but expect they will try to keep it up as long as they can. Activity in the tar sands is improving. | 2010-08-03 | |
| Comment | 2.560 | Jeffrey F. Olin | Had a heavy weighting to Fort McMurray so it suffered but is on the rebound now. If you feel strongly that that region should continue to do well, there could be some upside. 15.6% yield that would indicate some caution is needed. (Owns some of the debt.) | 2010-07-28 | |
| Comment | 2.310 | Dennis Mitchell, CFA | Limited service hotels with a big exposure to Fort McMurray and tied to oil sands activity. As oil prices go, so will occupancy in their hotels. Not a fan of lodging REITs, as he prefers longer-term cash flows that are more stable. 17% yield. If you are comfortable betting on the oil sands, you're probably okay. | 2010-07-15 | |
| DON'T BUY | 2.550 | Charles Dillingham | Right in the tar sands. Significant pick up in the tar sands. It looked like it would be a survivor. The environment should be improving. Buyer beware because they have tones of debt. | 2010-06-18 | |
| DON'T BUY | 2.720 | Charles Dillingham | Numbers are down a great deal such as $7 million in income to about $900 thousand. Quarter over quarter figures were very bad. Very little coverage. Will probably survive. 14.7% distribution. | 2010-05-17 | |
| DON'T BUY | 2.860 | Dennis Mitchell, CFA | Has never been a big fan of lodge/inn REITs because the duration of the cash flow is very short. Leverage is about 74% but should be 40% maximum. Recently cut distributions so they're probably sustainable now. | 2010-04-28 | |
| Comment | 2.860 | Charles Dillingham | They were very heavily into the tar sands. That whole sector has started to improve. (See Northern Properties (NPR.UN-T) in top picks.) | 2010-03-19 | |
| DON'T BUY | 2.270 | Charles Dillingham | Sinking into the oil sands. Too much debt. | 2009-09-03 | |
|
| |||||
| HOLD | 2.460 | Lyle Stein | Loves the concept of having hotels in Fort Murray. Right now there is a glut of capacity in Fort McMurray and they had to cut the distributions. There is life coming back into the community and that is positive. It will take time and you have to be patient. | 2009-07-31 | |
| BUY | 2.640 | Michael Sprung | Basically this is a bet on Fort McMurray is they basically control most of the hotel space. His long-term believe is that the oil sands will be developed. Vacancy rates have increased over the last several months, which has affected the stock price. Good value at this price. | 2009-06-26 | |
| DON'T BUY | 2.530 | Charles Dillingham | (Market Call Minute.) Stuck with expensive properties in the tar sands. | 2009-06-25 | |
| DON'T BUY | 2.300 | Charles Dillingham | Hotels, largely up in the oil sands area. With oil hitting $70, it might pick up again. None of the hotels will stay as REITs. Very high debt. A very challenged entity. Very risky. | 2009-06-09 | |
| PAST TOP PICK | 2.110 | Lyle Stein | (A Top Pick March 28/08. Down 65%.) Still likes because of Fort Murray. Trust has been hit along with oil prices. Took distributions down quite a bit to reflect less occupancy in their hotels. Going into the 2nd quarter he will watch to see what occupancy rates are. 19.9% yield. | 2009-04-08 | |
| DON'T BUY | 2.010 | Dennis Mitchell, CFA | Cut distributions by about 50%. Limited service hotels, mainly Fort McMurray. Better quality names available with less inherent risk. | 2009-03-17 | |
| PAST TOP PICK | 4.120 | Lyle Stein | (A Top Pick March 28/08. Down 30.1%.) A “bird in the hand” way of participating in the oil sands. Feels the 30% distribution is safe. Debt rollover risk could be an issue in 2010. Hotel rates have not dropped and occupancy rate is good. | 2009-02-25 | |
| SELL | 4.250 | Dennis Mitchell, CFA | Huge exposure to Fort Murray. Some question as to whether oil sands are viable because of the low price of oil. Management is divided between REITs so not the type of focus you would want. Over distributions. Not a big fan of lodging REITs at this stage. | 2009-02-12 | |
| Comment | 5.290 | Jean-Francois Tardif | Owns hotels in Fort McMurray. Have expanded substantially over the last 2 years. Have a lot of debt. At current oil prices, every new project up oil sands will be cancelled but hotels are fully booked in advance for quite some time. In the short-term, the 22.7% yield is safe. | 2009-01-13 | |
| BUY | 3.770 | Michael Sprung | Extremely small cap. Owns major portion of hotel space in Fort McMurray that is the major driver for earnings. Much of that space is pre-booked through 2009 and well into 2010. No big debt balloons coming up. Although companies are cutting back on expansion in the oil sands, there is still a shortage of living space. Cash flow seems to be steady at $1.20. | 2008-12-19 | |
| DON'T BUY | 3.570 | Dennis Mitchell, CFA | It's a lodging REIT and so it's exposed to deteriorating fundamentals and there may be some refinance issues. | 2008-12-16 | |
| HOLD | 7.450 | Dennis Mitchell, CFA | Limited service hotels in Western Canada. About 90% of free cash flow comes from Fort McMurray. The biggest issue is that as the cash flow has grown, so has the distribution. Not a huge fan of management. Consider deploying into another name. | 2008-11-03 | |
| TOP PICK | 6.600 | Lyle Stein | Hotels in Fort McMurray. Oil sands projects are not going away. Distribution is $1.20 and they have room to raise it. Thinks oil prices will be higher longer-term. | 2008-10-29 | |
| BUY | 6.410 | Michael Sprung | Own all the hotel space in fort McMurray. Will continue to be a busy area. | 2008-10-16 | |
| TOP PICK | 9.070 | Lyle Stein | (A Top Pick March 28/08. Up 40%.) Have 50%+ of class A hotel rooms in Fort McMurray. Rates and occupancy continue to go up. Paying out less than the fund is generating from operations. 13% yield. | 2008-09-09 | |
| Comment | 8.850 | Dennis Mitchell, CFA | Limited service hotels, primarily in Fort McMurray, which is levered to oil. If you are a long-term bull on oil and the oil sands, this would be a name you would want. | 2008-08-13 | |
| Comment | 9.000 | Dennis Mitchell, CFA | A limited-service lodging REIT that focuses almost exclusively on Fort McMurray. Was not a fan in the past, but their results have been phenomenal. Not sure how much upside is left. | 2008-06-12 | |
| Comment | 9.240 | Charles Dillingham | Fort McMurray area so is in the right area. If there is any break in the oil game, it could be a problem, but wouldn’t worry about it. Will probably continue to do well for a while. Consider taking some profits if you own. Not a bad payout ratio at 66%. | 2008-06-02 | |
| WEAK BUY | 7.110 | Charles Dillingham | Have a very strong, dominant position in Fort McMurray. The risk would be when the pace slows down up there. High yield. Probably worth some money but be cautious. | 2008-04-04 | |
| TOP PICK | 6.800 | Lyle Stein | All about “Fort McMoney” First REIT ever owned in investment career. Has been the best performing REIT company in Canada. Hotel REIT’s. Distribution could be raised further. The only risk is the market CAP of $60 million. Should trade a price of greater than $10. | 2008-03-28 | |
|
| |||||
| DON'T BUY | 6.500 | Dennis Mitchell, CFA | Focused on limited service, secondary markets for the lodging space. Payout ratio is unsustainable. Is not a name we’d be buying | 2008-03-24 | |
| DON'T BUY | 6.250 | Charles Dillingham | Have outperformed very well. Big in the oil sands area. Obviously bought some assets at great prices. Has moved a lot and is not likely to move a lot more. | 2008-02-14 | |
| DON'T BUY | 4.800 | Charles Dillingham | A hotel REIT. Probably significantly over distributing. Would be very surprised if you would do well on this one. | 2007-05-07 | |
| DON'T BUY | 5.050 | Dennis Mitchell, CFA | 200% payout ratio very high yield, not very sustainable. Not a big fan. | 2007-05-05 |
