Rochester,NY 8/27/2009 1:52:59 AM
FelCor Lodging Trust Incorporated.,FCH-Shares increase by 5 %
FelCor Lodging Trust Incorporated
Aug 19, 2009, An analyst's suggestion that FelCor Lodging Trust could increase its value by forfeiting several "underwater" properties to lenders helped increase the company's shares by 5% on Aug 18.
Analyst David Loeb said a regulatory filing denoted that FelCor had two mortgages, secured by three hotels, that had negative equity, and another 14 properties that were "borderline," and by abandoning the properties, the company could boost its equity value by $2 per share.
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