Week Ended 2/23/18

Fundamental strength Hersha Hospitality (HT) has among the best aligned management teams.  There are all sorts of metrics that measure alignment such as board structure or insider ownership, but in my experience, most of these measures are meaningless. Ashford...

Week Ended 2/16/18

Fundamentals might be returning to focus In the first half of this earnings season, we saw quite a few strong reports, but the market seemed to not care, opting instead to trade the reporting companies on macro factors.  This week, however, earnings reports have...

Week Ended 2/9/18

Earnings season continues While there is plenty of excitement with the broader markets crashing, I try to remain focused on fundamentals, and on that front, some more news rolled in this week. CBL Properties (CBL) technically hit its numbers for the quarter, but it...

Week Ended 2/2/18

Ever since the original taper tantrum on May 21st of 2013, interest rates have been threatening to rise.  Even with the multitude of Fed hikes that have occurred during this period, the ten year treasury has mostly been bound between 2% and 3%. The debate has shifted...