BHR - Recent Stock Price Decline Represents Buying Opportunity In Braemar Hotels And Resorts
Thesis
After a significant increase in their stock price over the past couple months, Braemar Hotels’ stock has recently taken a sharp turn lower. These circumstances have resulted in a much more attractive buying point, and several catalysts exist that will benefit the company’s future growth prospects. The catalysts include internal and external initiatives and strong fundamentals in the luxury hotel markets. Consequently, I am increasing my position in Braemar’s stock.
What Has Happened
Over the course of the last five weeks, the company’s stock price has declined from its 52-week high of $14.03. The