Below is a brief note from CEO Keith McCullough on why we're adding Extended Stay America (STAY) to the long side of Investing Ideas today:
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Looking to add to you "Bond Proxy" exposure on red? Extended Stay (STAY) not only has a nice dividend, but Todd Jordan's Leisure and Lodging Research Team likes the stock. Here's an excerpt from his recent Best Idea Blackbook (Institutional Research product): "The valuation disconnect between C-Corp and REIT peers remains a big opportunity for STAY. Under our modeling and estimates out to 2021, SOTP analysis suggests STAY is worth ~$27 today." Buyem on red. Then you don't have to chase them on green, KM |
