I am continually reading articles such as this one and this one that indicate that the value per share of the Starwood purchase is $83.67. On Friday, HOT was trading around $80.00 for most of the day, which would imply to me that there is $3.67 upside. But if that's true, then I would have expected the market to value the stock appropriately, and yet it remains $3.09 below this target on Friday's close. What am I missing?
Submitted March 19, 2016 at 09:51AM by bridgebywaterfall http://ift.tt/1pSQRdO
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