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Stock impact report

Blackwells Exposes the Futility of Braemar's May 6th Announcement [Yahoo! Finance]

Braemar Hotels & Resorts Inc. (BHR) 
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today released a presentation entitled “Too Little, Too Late” which may be found at https://nomoremonty.com/letters-presentations/ Jason Aintabi, Chief Investment Officer of Blackwells, said: “We have previously warned the Board against digging an even bigger hole for themselves by enabling the continued value destructive behaviour of Montgomery Bennett and Braemar's external advisor. We question the motivations that produced a very uninspiring price for Torrey Hilton, and led to the authorization of a suspiciously timed share buyback; this Board must pause any and all strategic initiatives until shareholders have their say at the ballot box.” Blackwells encourages all shareholders to review Blackwells' materials, the details of its engagement with the Company, information about Blackwells' nominees, and other Show less Read more
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