Really a tamasha is going on at Kamat Hotels. Worst kind of management I have ever seen. They are making caricature of themselves. Repeatedly they have failed miserably to give guidance. But still they are going ahead to give it and having muck in their faces. Is it a management or sham ? Any one could foresee bad numbers for Q1 and Q2 just by looking at history of all hotel stocks. But this management could not see. Rather I will say they are having last laugh. Actually they don’t care. Because they know that public memory is very short. And don’t blame the CFO. They are green horns. They don’t know anything. They are being paid to say what management wants.
Small investors should avoid such management. And remember big equity dilution. We should dump the stock and move on. And to punish the management, let us spread words to avoid their hotels by all means. This management deserves a kick where it hurts and that can only be their finances. Once hotels run dry they will come to their senses.
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