@Investor_No_1
Thanks for seeking my view. Since my basic thesis for investment for high dividend yield, I would critically evaluate hotel business, which is not generally free cashflow generating. However, the company has created excellent brand and among Top 5 Luxury hotel player in India as per my understanding. If it truely follow “Asset Light” business model, then can generate cashflow for paying dividend. Hence, subject to relative valuation, I shall wait for 6-12 months to decide whether to continue to hold Hotel business share or exit. At this stage, it would be difficult for me to take decision.
Having said that, every investor has his/her own aspiration, profile and risk return expectation which are unique. Hence, would suggest every investor to evaluate hotel share investment as a new company being added to portfolio and follow same parameter which they follow while addiing/miniotoring porffolio Companies. There can not be standard asnwer to question. So would suggest each investor to decide on their own behalf.
Discl: ITC Limited is my largest holding. I may add/reduce/exit from the company without informing the forum. I not SEBI registerd advisor. I am not suggesting any investment decision by investor in the message. I have not traded in ITC for last 3 months.
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