Park Hotels and Resorts Inc (PK) Options

Today's price dip triggered my GTC Limit Order to buy PK at $16.75. I added 12% to the position with this purchase.

The buy was done at a 26% discount from my last trimming sale. I'd sold 5% of the holding at $22.76 last February.

Best wishes,
OAG Tom

That looks like good news. It didn't quite dip deeply enough for me to add to the current position. I need $17 even to rebuild some inventory.

OAG

Director purchase 10000 $17.73

Here's the summary from their Earnings Call:

https://finance.yahoo.com/news/park-hotels-resorts-pk-reports-010501415.html

Best wishes,
OAG

Earnings Call is scheduled for August 6th, 2021. It will be interesting to see what progress has been made. They've bee selling some properties which should help their cash position and maybe ween the REIT of some less productive properties.

Best wishes,
OAG

Park Hotels & Resorts Provides Business Update
June 08 2021 - 06:00AM
GlobeNewswire Inc.

Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today provided an operational and liquidity update.

Highlights:

Increased the number of open hotels to 55 of 59 hotels (93%), or 86% of total room count;
40.7% occupancy in May 2021 for Park’s 52 consolidated hotels (an increase of 3.7 percentage points from April 2021), with a decrease in rate of 20.1% compared to May 2019;
53.8% occupancy for Park’s 45 consolidated hotels open during the entirety of May (an increase of 4.4 percentage points from April 2021) with a decrease in rate of 14.6% compared to May 2019;
Generated Pro-forma Hotel Revenues of $82.8 million and positive Pro-forma Hotel Adjusted EBITDA of $3.5 million in April 2021, with 24 of its 45 consolidated hotels that were open during April 2021 generating positive Pro-forma Hotel Adjusted EBITDA; and
Decreased Park’s monthly burn rate to $23 million in April 2021 and expected to remain on track to break-even at the corporate level in the third quarter of 2021.

Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer, stated, “I continue to be extremely encouraged by our portfolio’s performance over the past several months. Leisure demand trends continue to accelerate at a faster pace than we had initially anticipated, with impressive pricing power seen in most of our resort assets, while early indications of group booking activity and business transient travel should translate to a broader based recovery across all demand segments over the back half of 2021 and well into 2022. We remain laser-focused on executing on our near-term strategic priorities, including continuing to reopen our hotels, reducing our burn rate and further de-levering our balance sheet through asset sales, as we enter what we expect to be a promising period of demand recovery over the coming months.”

Hotel Reopening Update

Park has reopened three additional hotels since early May due to improving demand trends in the respective markets, and the Company expects to open one additional hotel this week. Details are as follows:

The 403-room W Chicago - City Center and the 1,921-room Hilton San Francisco Union Square both reopened in May;
The 128-room Hilton Garden Inn Chicago/Oakbrook Terrace reopened in early June;
The 1,544-room Hilton Chicago is expected to reopen later this week, which will increase the total open hotels to 56 out of 59 hotels accounting for nearly 90% of the Company’s total room count; and
The remaining three suspended hotels in Park’s portfolio are currently expected to reopen over the next several months as travel restrictions ease and demand recovers.

$AHT low stock price competitor, moving on the backs of day traders

Re: ..........one red cent............

Then I guess I should put my money back in my wallet.....



OAG

$PK waaaaaay on the heavy side for price Per Share.

projecting $9-$10 per share in the near term future.

I sincerely doubt one red cent of the recent stimulus dollars trickled there way into these expensive hotels and resorts.

Hi RW,
If it drops another 20% from here I might dabble for a rebound. This is a tough game to play right now.

OAG

Park Hotels remind me of a Desert...

Empty!

Expect record losses on the next financial filings...

Hi RW, Re: ............nobody with there $600 stimulus checks spent it at Park Hotels........

I think you got that right. But, air traffic is slowly recovering.


OAG Tom

One thing is for sure that nobody with there $600 stimulus checks spent it at Park Hotels and Resorts $PK

Today's news suggests the upcoming financials are a real train wreck.

Hotel business has been devastated by Covid-19.

“I am proud to publish our latest corporate responsibility report for our stakeholders,” said Thomas J. Baltimore, Jr., Chairman and CEO of Park. “Despite an unprecedented year for all, Park remains steadfast in our commitment to corporate responsibility, which is more important than ever in today’s volatile environment. From establishing our Diversity & Inclusion Steering Committee to formalizing our Park Green Committee, I am excited about our evolution in the ESG world as we head into the fifth year as a public company.”

The hotel business will be money losers till the Pandemic ends and the unemployment rate drops.

$PK Parks Hotels and Resort may not see a profitable quarter till possibly the 4th quarter 2011.

People just don't vacation when they are bouncing checks....

hahahahaha!

Hi RW,

My grand daughter would sing "Let It Go" from Frozen!

I sold it at $16.30 with a healthy short term gain. I'm all for re-entering if we do see a substantial set-back in price/share.

OAG Tom

$PK will undoubtedly report a rotten 4th quarter and there is little doubt the losses will accrue into early summer 2021.

It's time to unload this before quarterly sales figures are reported.

Interesting ...

Latest TSA Travel Throughput histogram:



Over Thanksgiving we saw a couple of days above 1MM daily travelers.

Latest Covid-19 Tracker from 1st Trust:
https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=0690e010-f5ef-4e57-be3e-4904348bb4a7

OAG Tom

I like JETS here. I hate Aurora.

Hi John,

I'm holding WLFC, a jet engine leasing company, as yet another C-19 rebound stock. I sold 10% of the shares yesterday as it jumped above $31 and change. That one may remain a long term holding.

I also have JETS, an ETF that owns lots of airline stocks as well as airline service companies. That's the only way I can justify owning airlines at all.

Between cannibis and bitcoin stocks it seems all the speculative money has left the traditional markets!

I was surprised a few of weeks ago to see Aurora at the bottom of Value Line's "worst performers" list. Maybe that was the bottom. it was under $5 at the time.

I wanted to hold Park. Mostly Cannabis now.

Hi John,
I exited PK for now. The nice pop above $16 let me take a handsome overall profit for the short holding period and it's in an IRA.

If it retrenches, I'll maybe "get a room" at PK again.

Best wishes,
OAG Tom

Looking good!!!!!!!

Hi John, Re: PK revival..............

There's been some strong Accumulation and the W%R shows mostly positive buying pressure as well on PK.


(W shows where I first bought PK)

It's still $10 off its pre-C-19 price range and this is the first time at $15 since around June. It's going to take a while for the earnings to show up in a positive sense for PK so I'm expecting a bumpy ride for a while.

Best wishes,
OAG Tom

Smart. I sold 1/2 Sundial Growers. Missed ringing the register CWEB.

Hi John,
I let about 15% of my position to today. Too quick a gain to ignore.
OAG Tom.

WOW!! I have been out for about a month or more.

Yep,my$10 shares were looking pretty good by day's end.
OAG Tom

Breaking News: $PK Why Marriott International, Park Hotels, and Expedia Stocks All Popped on Today's Vaccine News

Pfizer (NYSE: PFE) has a great new vaccine -- and investors think that's great news for the travel sector. Pfizer's announcement that its coronavirus vaccine is 90% effective at preventing infection with COVID-19 sent the Dow Jones Industrial Average galloping ahead 1,50...

Read the whole news PK - Why Marriott International, Park Hotels, and Expedia Stocks All Popped on Today's Vaccine News

Nice move up today. Opened well above $14 and held for a half hour. Now it's trickled off the $13.50.
OAG Tom

I like PARK but I needed a bit more action. Perhaps I will be back.

Good morning John, Re: Park Hotels, longer Look-Back............



This takes us back to around the beginning of the C-19 Panic. The 52 Week Low High range is $3.99 to $26.58. There's room in there to make a few $$$ trading around its current price/share.

My current hold zone is between $8.10 and $112.38.

Best wishes,
OAG Tom

Apparently Mr. Trump's comment on avoiding discussions on further financial stimulus until next month, after the Election, wasn't received by Wall St. very well. PK had a nice day going until then. Airlines also reduced altitude. I follow JETS as an airline industry proxy. It, too, had a nice gain until the Stimulus comments came out.

Best wishes,
OAG Tom

Hi John, An antiviral will cure PK's ills.

OAG Tom

Slow grind. I am sticking with them.

I think we found support.

PK has a nice upward move this AM. In at $9.91 so about a 15% unrealized gain in the first two weeks.

I'll trade around my core position on this holding. Current trade range for around 10% of the position is $8.10 to add and $12.38 to sell some. I expect some reasonable activity even with that huge hold zone.

Best wishes,
OAG

Sold today. I will buy back in next week!!

NEWS: $PK Why EPR Properties and Park Hotels & Resorts Advanced 13% or More in August, but Tanger Factory Outlets Fell Over 11%

Shares of hotel operator Park Hotels & Resorts (NYSE: PK) jumped nearly 15% in August, according to data from S&P Global Market Intelligence . Following close behind was experiential-focused landlord EPR Properties (NYSE: EPR) and its gain of nearly 13%. However, on the other si...

In case you are interested PK - Why EPR Properties and Park Hotels & Resorts Advanced 13% or More in August, but Tanger Factory Outlets Fell Over 11%

I added PK to my "sand box stocks" today at $9.90. Everyone should have a sand box in which to play and I can build Park Hotel sand castles for now.

Best wishes,
OAG Tom

I'm baaaaack!!!!!!!!!!!!!!!!!!

Dropping like a rock again

$PK | #ParkHotels & Resorts Day Trade


Potential long entry above $9.70 and Fibonacci resistance.
Upside target $10.50 in the short term

$PK | #ParkHotels & Resorts Day Trade


Potential long entry above $9.70 and Fibonacci resistance.
Upside target $10.50 in the short term

I’m hoping we get a vaccine in the next 3 weeks. Then the decision to go out will be put back in the individuals hands. We should see good price jump with that news and then a steady build to prices higher than before the pandemic because we diluted the dollar with the stimulus.

$PK has plenty of assets to weather the Covid-19 storm. For many investors Covid-19 has been a huge money maker.

Looks like they have taken all precautions they can. Good news. Thanks for sharing.