It will take a year or two before it happens, but it will happen once RAS has cleared off enough recourse debt. COHN will want them and the Cohens will find a way to make it very profitable for themselves.
See Div, the Cohens don't need to be good at making loans. Do you know why? They are very good at renegotiating loans and messing around with cheap stock. I've been on the COHN board the past few days and wondered when someone would bring this idea up. Come on over and stir the pot a bit.
"It will take a year or two before it happens, but it will happen once RAS has cleared off enough recourse debt."
The key thing is for both companies to burn up NOL's. In COHN's case that means earning taxable income. Something I am not so sure they will be able to do.
I continue to believe that a brokerage firm targeting a 60% comp and benefits ratio is not an attractive investment.
If you can find the old slides from whem RODM was chasing COWN, you can see what a high expense ratio does for Ibanking stocks.
"Do you know why? They are very good at renegotiating loans and messing around with cheap stock."
I'll agree with that. But there are some very sharp people in that part of the market.
For example remember when Angelo Gordon got themselves warrants for 250,000 shares of RAS at $6 (RAS was trading at $6.50 at the time). They immediately turned around and sold them to RAS for a pittance.
Davis, for the life of him couldn't figure out why they would do that.
"Come on over and stir the pot a bit."
Meh, I think I've exhausted the possibilities of trolling folks overthere. Hurts too much to laugh or cry.
Jizzy is lucky that all his posts on the AFN board went into the memory hole. He doesn't post on the SFI board either.
<Jizzy is lucky that all his posts on the AFN board went into the memory hole. He doesn't post on the SFI board either.>
LOLOLOLOL. Dude, Please note: I haven't posted on ANY Yahoo board recently. With Windows 7 announced, I've just been too busy to post on any message board. That's OK. I've made a small forture this year buying NRF PFDs in the single digits, DDR PFDs at $4+, SFI PFDs in the $2 range, RSO in $1s & $2s, MAC in the $5 range, AINV in the $2 range (thankfully ignored your wrong predictions on the last 2), etc.
Go back to the drawing board and try again Dude. In the Spring you were trashing the likes of MAC, KIM, DDR, AINV, etc when they were low single digits and pumping ETF short scams like SRS when it traded near $100. Today, companies like MAC, DDR & AINV are up by factors of 5X to 7X while SRS has been obliterated, barely holding $7. As I posted a few months ago, you're not having a good 2009: