- Ryman Hospitality Properties operates in the high-end market segment plus boasts an experiential component as part of guest offerings.
- The company has suffered drastic revenue falls due to the pandemic and is currently in a cash burn period.
- However, in contrast to other lodging properties, revenue has fallen to a lesser extent and Ryman does have some visibility as to future revenues.
- Cash burn is under control but given the high debt level, the reasons provided for the capital expenditures are not strong enough given the current level of uncertainty.
- Hence, it is better to wait for additional guidance during next quarter's results.
For further details see:
Ryman Hospitality Properties: Differentiated Diversified Offering But Wait Before Investing