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home / news releases / corepoint lodging gambling on a turnaround


STAY - CorePoint Lodging: Gambling On A Turnaround

Falling stocks in hot sectors always get the value crowd salivating. That looks to be the case for CorePoint Lodging (CPLG), a recent spin-off of La Quinta. With the parent subsequently getting bought by Wyndham Worldwide (WYN), investors are left pondering if past problems will be solved with a new larger partner. With a variety of bullish catalysts to point towards - including a third party appraisal that pegged the value per share in the mid $20s per share - I get the deep value story.

While I like the story at first glance, I

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Stock Information

Company Name: Extended Stay America Inc.
Stock Symbol: STAY
Market: NASDAQ
Website: esa.com

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