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CPLG - CorePoint Lodging Should Pleasantly Surprise
CorePoint Lodging Inc.
CorePoint Lodging Inc. (CPLG) is a REIT that was spun off LaQuinta and initially traded at over $27 a share in July 2018. In my previous article about CPLG I described why I believe it is severely undervalued and why my expectations were for long-term returns on the order of 13% a year. Now, as we await the quarterly results to be released this week, I also expect a price bump due to the resolution of the management dispute CPLG had with Wyndham.
CPLG shares currently trade at $9.80, at 46% of tangible