Reinvesting Jameson Inns proceeds

It is time to redeploy cash from Jameson Inns' (Hit #98) takeover.

I will be putting the proceeds into these three stocks:

• Lodgian (LGN): I had mentioned Lodgian as another possible target in the hospitality sector when I wrote about the Jameson Inns buyout. The stock could fall further, but I am taking a chance.
  
• ILX Resorts (ILX): A resort operator, mostly owning properties in Arizona. It owns some extremely attractive timeshare resorts that should be tempting to private equity groups.
  
• National Lampoon (NLN): A speculative play. The company owns the National Lampoon brand and associated movies, in addition to running a YouTube-like site. It could end up being bought by a major media house.