Tue, Jul 29, 2014, 9:55 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

RAIT Financial Trust Message Board

  • yankeeboy4748 yankeeboy4748 Sep 10, 2008 8:11 PM Flag

    To Betsy and Daniel Cohen

    Here is my plan to restore RAS to the rock solid co it was just a short while ago and to get the pps back into the $ 20-30 range:

    Defer the issuance of new shares for 4 months. Instead,using various brokers, buy back 32 million shares over 3 months in a very furtive manner, at a cost of about 225 million dollars.

    By buying back one-half of the outstanding shares, on an apples to apples basis, earnings in 2009 will go from apx 2.00 per share to 6.00 per share because of the 50 % reduction in shares and the 65 million of less dividend payments,

    Once you announce the completion of the buy-back along with the projected earnings--it will take no more than a week for RAS pps to hit $25-30 on a frenzy of short- covering and various upgrades. Believe me,it would work. Then when RAS hits 28-29, you can announce a shelf- offering of 9 million shares at 25.00 and get back all the money it cost to buy-back the 32 million shares.

    The final result would be, 41 million shares outstanding and a pps in the range of 20-25.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
7.84-0.04(-0.51%)Jul 29 4:05 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.