When the 2nd quartr results came out...I thought the numbers showed a lot of progress and a promise of increased profitability per share from operations. My analysis must have been incorrect...when the results came out in early August the stock was trading over $2.00. It promptly tanked..possibly due to comments by outside analysts. In any event...the stock still languishes around $1.50 and seems to be trending lower.
There have been lots of good research and analysis on this board seeming to indicate that RAS is on a productive path.
In about 7 weeks we will have the 3rd quarter report....and I expect it to be very positive unless more of the CDOS have collapsed....which I doubt....they appear to have survived thru the worst of the econmy and should continue to contribute to RAS eps.
So, where does that leave us? I haven't the vaguest idea. Maybe some of you have.
Come over to the COHN board to talk about COHN. We're busy buying companies, not biting our nails worrying about the date our CDOs are going to fail.
Hey, we just signed a contract to buy a company on 9/14.
The COHN model is working well, how's the RAS model?
the relationship remains that you had advised positively on AFN (and the Trups model) in the past. The tangential point is that this same tunnel vision could be impacting your current stance on RAS. Anyway I'm sorry you did not buy SAM that was a huge win. I am happy though that you will likely buy a 6-pack. I'll offer you one Shaw-shank style but you are bitter at me for calling you out.
1 person started this topic and the 5 times that is responded has nothing in common with the topic!
Strange people here!
"Maybe we have it all wrong".
->I think, what the problem is; is the stock issuing directly by RAS-management. If not, i think pricelevel could had been around $2,00. Also NCT struggles last months but it is still on its 200MA.
-> Expiring september-options could also be a reason to stay close at the $1,50-price.
->FBR Capital downgrade RAS to $1,50/underperform about 5 weeks ago.
I sold yesterday but i 'm not sure if the selling was a good decision unless price will go back to $1,00.
Maybe i step back in later.
The question is never what it has done (a business model didn't work out). The question is what it can do. Time will tell for COHN.
If remains that the relationship to RAS is marginal at best.
Collateralized debt obligation..
The only element that keeps you down is the fear of CDO collapse..
Which even if it does happen RAS has been able to reap some huge rewards on foreclosed multi family propertties