You're entitled to your opinion. From my perspective, your opinion/personal attacks is/are the B.S. the first post was seeking to avoid, but I'm sure you have a different perspective.
Sorry the price went up today, but there's lots of time for more volatility.
"Sorry, buster, trying to have it both ways really is intellectually dishonest."
You oughta know, Davis! You have mastered it.
Never missed, right?
That's intellectually honest.
RAS is a long-term investment/trading vehicle/opportunity to profit from volatility.
Debt is good/bad.
Dilution is good/bad.
Price doesn't matter
Dividends don't matter
Grants at $0.00 per share are the same as purchases with your personal funds
Danny isn't the largest individual stockholder
( can't finish the list within the text length limit, but it goes on and on... )
Yeah at this price and the stability of cash flow, improving rental income and opportunity for gains on sale of properties, it's buy down here.
Last 4 qtr were profitable despite the bunkered up manuevers to the balance sheet of three multi-family properties packaged for sale in the 4 th quarter to the balance sheet.
The news is good but the carrots are hidden.
Buy at the dips.
It might also indicate that management is actively confronting the challenges it faces.
The measure of which are increases in earnings and shareholders equity; decreases in debt. All of those things are happening, and pretty much in the same way anyone with good value-oriented analysis skills and knowledge of the companies history would have predicted.
That's what makes RAS "very good stuff" as a long term value investment.
Companies are often faced with having to select the least damaging of between two undesirable outcomes
When there are too many of said decions, it might signal the company is in decline or of low quality.
Which part of the words "making improvements" have you not understood from the conference calls (more than one)? RAS is not only supporting its properties but improving them. If it didn't there would be more cash, but at the end of the quarter it turns out that there was still cash.
I don't think anyone would argue that RAS has been dealing with problems, much as most REITs have. Trading notes for equity is not a great thing. Nobody disagrees. But reality is that the notes were a threat and that removing them had several positive benefits, including erasure of long term principle repayment, significant reductions in interest payments, increases in shareholder equity that somewhat offset the effect of the dilution on book value per share, and improvements in measurements of fundamentals.
Companies are often faced with having to select the least damaging of between two undesirable outcomes, especially during recessions. RAS preservation of shareholder equity in an environment that has given many REITs a negative book value speaks to the strength of its portfolio and its management.
No, debt is not a good thing per se, it's just that RAS is in a pickle. It's in a bad situation. It chooses what is least bad. Noe of it is good. I suspect the cashflow you are seeing davis is because RAS may not be supporting its properties to the extend needed long term. That may come back to bite us.