Far East Hospitality Trust has been one of the most avoided Reits and shunned by investors for quite sometime having poor performance since it went public in late 2012 with an IPO price of 93 cents.
Since then, it slides down almost on a clear downtrend every year given that the industry in general is cyclical in nature, especially with the hospitality industry seeing major supply coming in.
I picked up the shares not too long ago at 59 cents in Mar 17 which I blogged here. From the comments section in the post, you can easily see so much skepticism with the way how others see the company itself. To me, if you are buying with no consideration of margin of safety, that's generally what you are going to get, even in good companies.
The share price has since ran up to 65.5 cents last Friday closing which ......