Ashford Hospitality Trust Inc.  (AHT) Trade Now »     Rate AHT  -  Discuss AHT  -  Add to Watch List        

Despite the bankruptcy filing of Extended Stay America a few weeks ago, Ashford Hospitality Trust (AHT) remains on solid footing. As my analysis demonstrated, even if Ashford’s entire mezzanine loan portfolio goes bad, they would still be in good shape. This means being able to meet all debt service requirements, meet all debt covenant requirements, meet the preferred dividend payments, and have plenty of cash on hand for capital expenditures and principal repayments due in 2010 and 2011.

The company sits on $240 million of unrestricted cash.

While the US is experiencing growing pains with the birth of the full-fledged global marketplace, it's important to take a global perspective in looking at what the US has that separates it from the rest of the world. What with Las Vegas, New York, Los Angeles, and other world-class cities here in the United States, the tourist industry here in the US will continue to be strong. I've grown-up near Disneyland and have friends that have had their families set for life through investments in hotels close to Disneyland, with international clientele worldwide.

This is the time to buy.  There’s blood in the streets, panic has gripped the market, people are wailing about a Depression, and market volatility is setting records.  I’ve spent every day looking for the best bargains, and I’ve found a monster.