Chatham Lodging Trust: This 6% Yielder Continues To Be A Rock In This Volatile Market
By Bret Jensen:It has been a turbulent second quarter for equity markets. Given the ongoing deterioration in Europe, I expect this volatility to continue at least through summer. One of the "rocks" in my portfolio that I continue to add to on dips is Chatham Lodging Trust (CLDT) as the trends in its industry continue to improve, insiders continue to snap up shares and its 6% dividend provides a nice floor on the stock.Positive catalysts for CLDT
- Insiders continue to buy shares. They have added another 12,000 shares since I last wrote about this company in early May.
- Earnings estimates for FY2012 and FY2013 have risen over the last two months in the face of the overall market decline.
- The outlook for the industry continues to improve. From a recent Credit Suisse report in late May. "The US lodging cycle recovery continues to play out, and 1Q12 supported our view that
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