Mar. 19 at 2:21 PM
$GHG Can't think of a time in 25 years where I could get a fire sale like this, of a profitable company, with cash equivalent to debt. You usually have to make a big bet on a turnaround to profitability with bankruptcy or more debt, being the big scary real, risk. This company is still profitable during an upgrade of a big percentage of its hotel rooms.
Management could buy the entire float and still have a better debt to equity ratio level than
$HTHT. You can right now, essentially buy the profit of a single hotel room in China, in perpetuity, for
$300. Crazy this has traded down here.
I'm buying, buying, buying. This will slingshot when the numbers turn later this summer/fall. Right now, market makers are taking advantage of the last window before that to try and break shareholders. Not going to get me. I'm going to get them!
