Significant upside to near-term estimates, 90% of its market cap covered by real estate at cost, actively buying back stock and catch-up trade to lower-quality peers
They are not the type to spin-off assets. They would sell if they receive a good price but otherwise they think longer-term. The hotel biz is too small anyway to be public... tacking on corporate and public costs on such a small amount of EBITDA would be detrimental IMO
Dont usually play with real-estate stocks but great post
A spin off of the hotel business could benefit shareholders and stock appreciation to close the discount to CNK and CGX.
They are not the type to spin-off assets. They would sell if they receive a good price but otherwise they think longer-term. The hotel biz is too small anyway to be public... tacking on corporate and public costs on such a small amount of EBITDA would be detrimental IMO
Nice write up. Thanks for sharing. What's the catalyst here for this to rerate ? Beat ?