A viral letter about The Queen Mary has caused shares of Eagle Hospitality Trust (EHT) to plummet. Is the sell-down justified, or could this crisis present a good opportunity to buy?
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When EHT’s share price crashed so much within a single day, I got all excited because hey, what if this was a fabulous opportunity to buy into a portfolio of international brand-name hotels for cheap?
The financial blogosphere is rife with everyone’s opinions on the issue right now but here’s my take, and why I bought.
Before I go into details, there are primarily 2 risks for potential investors to be concerned about at this stage:
Cost of repairs needed for The Queen Mary If valuations for the properties in EHT’s portfolios have indeed been inflated
We gotta thank The Edge for