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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.

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