La Quinta rallies after being singled out at Sohn conference [Seeking Alpha]
LA QUINTA HOLDINGS INC (LQ)
Last la quinta holdings inc earnings: 5/8 04:15 pm
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Source: Seeking Alpha
La Quinta rallies after being singled out at Sohn conferenceLa Quinta Holdings (NYSE:LQ) isup 2.25% in premarket trading after Rangeley Capital'sAndrew Walker wins the Sohn Idea Contest by calling the stock "a classic undervalued spin" name with an incentive to sandbag the numbers due to tax considerations.In a detailed thesis, Walker concludes that the CorePoint hotel REIT will be an attractive acquisition target after it is spun off from La Quinta and could spark a bidding war.Walker's full Sohn presentation is availablehere.Shares of La Quinta have broken over $20 for the first time since early February off the Sohn buzz.See all stocks on the move »Now read:More on Asbury Automotive Group's Q1 beat »
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