Since my last blog on Eagle Hospitality Trust, I have not looked at it.
I am looking at it again in response to a reader.
The reader who invested in Eagle Hospitality Trust left me a comment but requested that I do not publish it so as not to reveal his identity.
He bought into Eagle Hospitality Trust at 70c a unit this year in July, thinking that he got a pretty good deal.
He bought more when the unit price declined to 66c a unit later in October.
That time in October, he invested for his children using the money in their savings accounts.
When the unit price plunged later on in the same month, he looked on in horror.
Imagine his consternation as the unit price went on to hit new lows soon after.
The massive wealth destruction in such a short time would make any grown man cry.
It must have been horrible.
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