On June 3, 2015, we said the following of Hospitality Properties Trust (renamed to Service Properties Trust):
“If worse comes to worse, HPT could decline to point A or $13.00. If a repeat of the housing crisis were to take place then HPT could decline as low as point B or $4.67.”
The chart below highlights the date the article was published and the price action that has transpired since June 2015.
The worst case target was achieved by an exceptionally wide margin.