Wolf Money(Hotel Grand Central)
(Image credit: Hotel Grand Central) The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . I bought a position in Hotel Grand Central. To be honest, this stock is not my idea. I got it from a good friend who is very knowledgeable. He is a value investor that always manages to find hidden gems in the most obscure corner of our market. My hat off to him. Just before the month was up. I received a well-written report by him on Hotel Grand Central(HGC). There are many people dropping ideas on me, but very few ideas go past my initial interest to the buy basket. I will summarise the main context of the report and some of my comments in point form. 1.) The report starts by explaining the poor share price performance of Hotel Grand Central since covid. One of the main reasons was the weakening AUD and NZ. Given HGC has the bulk of their hotels in Australia and New Zealand. Mos...