12-31-24 When last we saw our intrepid investor looking at STWD he set JStock alerts at $19 and $22. The lower one went off today. Given that there is no news and the Loser Board has 8 tickers on it today, my first assumption it is down with the year-end profit taking, further validated by today being an Ex-Dividend date. OTOH, I see that operating margin is terrible. I have suspicions why, but this isn’t that kind of blog, so I will keep them to myself. I’m also seeing an interesting pattern in the market around transitioning presidential parties that intrigues me with a hint of nervous. Anyway, going to top off my holdings on STWD and update JStock to $17 and $25.
09-23-24 When I first bought this stock, I thought I was buying into the hotel chain. That was back in 2011. I seem to recall that when I researched them they were involved with a number of Starwood Hotel properties, which is probably true since Barry Sternlicht had his financier finger in both pies at the time.
Anywho, I missed a great opportunity to buy in 2020, and my last review (not posted) had me thinking of dumping it because the stock price was declining. Looking at a longer view, it is part of the normal seesaw of the stock price while the dividend has been pretty solid all along, so I’m going to hold and watch for a while more.