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| Read the investor alerts. |
- Investor Alert #3
Corporex (the company whose founder and CEO is Eagle Chair William Butler) recently received approvals for a project in Northern Kentucky that may negatively impact Eagle. The project demonstrates another potential downside to the "strategic alliance" that Eagle has with Mr. Butler and Corporex. Eagle has not disclosed this project to its investors and in fact professed ignorance about it during Eagle's 3Q 2006 earnings call. » read the alert »
- Investor Alert #2
October 1, 2006 marks the second anniversary of Eagle Hospitality's IPO, yet there is little to celebrate for Eagle investors. The two years since Eagle's IPO have been some of the most profitable, if not THE most profitable, years that the hotel industry has seen. While most public hotel REITs flourished and saw their stock prices increase, Eagle's did just the opposite. Eagle's stock price at the end of trading on Friday, Sept. 29, 2006 was $9.30, a 9.27% decrease from the $10.25 on the company's first day of trading on Oct. 1, 2004. » read the alert »
- Investor Alert #1
Eagle's recent acquisition of the Embassy Suites Boston is the first step in the company's stated intent to "recycle capital" by funding new acquisitions with the sale of some of its existing hotels. As Eagle buys and sells properties, shareholders should know that Eagle has indemnified the previous owners of its initial hotel portfolio - a group that includes 4 of the company's 9 directors - from any tax liability resulting from sales of these properties. These agreements - which may affect Eagle's sales - are another example of how conflicts-of-interest between Eagle, its Chairman and other insiders may hinder the company's ability to deliver superior performance to investors. » read the alert »
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