How long will the 'longs' here wait?Till 2012?Come on guys. It is so cleary that this stocks first will go back down before MAYBE an uptrend comes.THE MANAGEMENT OF THIS COMPANY IS NOT SKILLED!
They look skilled to me, but maybe I'm missing something in:- the amount of debt they've paid down at discount- their maintenance and recent improvement of the OC tests of RAIT I and RAIT II- their successful increase of the occupancy rates on their various properties.- the movement of the company from GAAP losses to GAAP earnings; taxable losses to taxable earnings- their ability to continue to pay the preferreds, which leaves no obstacle to paying a common dividend when the earnings are in place.But I understand how, given that you've sold, you'd like the price to go down. It may. Be patient. If it does I'll by more.
Davis stop lying to yourself.I think you get paid by the board to promote this stock.Oh yeahl november 15th of 2010:RAIT Financial Trust: $1,63.Newcastle Investment: $4,97.Oh yeah: NCT is worth 3times RAS price-technically.In may this year they were equal to eachother.Davis stop with your fantasy play here.