Strategic Hotels & Resorts, Inc. (NYSE:BEE)

Luxury and high end doing well, all in a reit.

Good hotels for the high end.

Strategic Hotels & Resorts, Inc. (BEE)
A real estate investment trust which owns and asset manages upper upscale and luxury hotels in North America and Europe.

BEE is 39% off its 52W high, but still approx. 800% up from its March 2009 low.
Definitely, my kind of a good value stock.

Throwing darts at this point!!!

Climbed too high too fast without reason. Should bounce back after first positive quarter

Economic recovery = Common man will splurge. People with deep pockets need a sweet place to rest their head.

Sing it with me folks... Attack....of the killer crap stocks! ATTACK.....of the killer crap stocks! Strategic Hotels & Resorts has absolutely no business rallying over 500% off its lows given a continuing history of losses which should extend well into 2013 if they even make it that far. Assets aside, they have a mountain of debt, 1.7B which would obliterate almost all liquidation value this company has. I get a kick how the highest analyst price target right now is $2! It's $2 for a reason folks...this isn't worth the paper it's printed on and still remains one of my highest bankruptcy candidates over the next 5 years.

UltraLong

$2.3BB in real estate assets (most likely somewhat understated due to accounting practices) and 0.6 book value. Looks to be a potential takeover candidate.

Trying to find something low that could pop sometime soon.

P/E ratio of 3. Dividend yield of 24%. And real estate.

big rebound in 2010

the property value and the gross income is not in a remote way the value of the share.

All those Wall Street CEOs need to spend their bailout money somewhere.

worst 30days caps

A broker I talked to said it's 40%< book value now, and has a target of $13. Says Bill Gates has a large stake (5%). I havent bought any so far though.

I was drawn to Strategic Hotels (NYSE:BEE) on hearing about Bill Gates taking up a stake in it via his investment company Cascade Investments. Value investors like Bill Gates are usually early to the party. The price has nearly halved since he bought shares and is around 4$ today( 17 Oct 08).

Recently I saw a report that Bill is now going to take an active strategic role in the business.

My guess is that at this price he can simply take over the company, Bill is no stranger to the hotel business, and has a stake in the Four Seasons Hotels.

I will skip detailing a valuation of the company here, I think it is cheap. Bill is no fool and I assume that he has done more due diligence than I will ever be able to match.

I am going long Strategic Hotels.

http://longtermequity.blogspot.com/2008/10/strategic-hotels.html

The income lost due to reduced traveling has been priced in, a lot of the last loss was due to depreciation and anticipated declines in travel. It's also trading around it's tangible BV. Although I'm not positive, I think it's a good candidate for fast recovery, especially if the earnings meet expectations.

Classic market overreaction. Yes, the immediate industry outlook is poor, but the company is selling for less than tangible book value and has plenty of cash flow to support the dividend. Since they operate globally, they are somewhat insulated from domestic economic problems.

Hotel REITS will continue to be a solid investment. Out of all the real estate sectors, I think hotels are #1 right now. people are still traveling a lot and are staying in hotels. Occupancys overall are good and the average daily rate (ADR) keeps going up. There is also a lot of new development in the pipeline across the country. I think you can not go wrong with hotel REITS.