...no surprise there!
For all the lock-step marching morons:
Don't be disappointed, just learn how to read a financial statement.
And for Fact-Free Foulger:
Keep up the Good Work!
"Give 'em the old razzle dazzle
Razzle Dazzle 'em
Give 'em an act with lots of flash in it
And the reaction will be passionate
Give 'em the old hocus pocus
Bead and feather 'em
How can they see with sequins in their eyes?
What if your hinges all are rusting?
What if, in fact, you're just disgusting?
Razzle dazzle 'em
And they'll never catch wise!"
So, for those foolish Foulgerites who are surprised, upset, or cranky just because, as ususal, the pump-and-dump brigade pushed up the price ahead of earnings then popped your bubble-head bubbles 60 cents worth in a flash crash, learn from history.
But they never learn. They continue to ignore all the warnings from more sensible investors, then cry and moan when the Pied Piper leads them astray.
True then, true now.
Flim-flam, razzle-dazzle, pump-and-dump, by any other name, the old smelly rows get mowed down in the sheep shearing yet again.
Wonder who bought the 30 thousand shares from Old Par Rental Unit at $8.44.
Somebody's laughing all the way to the bank, and somebody is kicking themself for getting sucked in.
Guess which one is which?
Excellent choice of time frame for that 'blast from the past', haiku.
The last time RAS was in the 8.50 to 8.80 range: Apr 24, 2013 to May 21, 2013.
Didn't make it to 9 then, either!
Peaked at 8.85 on May 9, but by June 24/25 was back in the low 7s.
Don't waste your time on these idjits: for FFF and his ilk:
Losses are Gains
Up is Down
In is Out
Black is White
Dividends not paid are Dividends "never missed"
Foulger lies, and his cretin acolytes swear to it.
FAS and the SEC, according to them, don't understand "correct" accounting, but THEY do!
Let them eat rake.
Sorry, tandr, but:
losses are only losses if you take them. I didn't.
gains are gains. As I write this my investment in RAS is up 237%. As I write this I've collected over a third of my current average price per share in dividends just in the last two years.
up is up. I bought my least expensive shares at a post-split $1.71 a share. Those shares are now worth $8.56 a share.
down is down. In 2006 my average price per share was a post split $87 a share. Now my average price is $2.54 a share (and set to decline even more.
The rest is irrelevant redudancy. Best of luck, Hope you are enjoying the price rise over the last two sessions.
With all due respect, you're the one who needs to learn to read a financial... Excluding the non-cash write-up of long-term liabilities by $100 million (which ironically, by the way, reflects RAS's and its CDOs' improving financial status), the GAAP number would have been positive $10 million or so. The write-up of liabilities simply means the market is valuing more greatly the ability of those entities to pay off their debt obligations. I'm disappointed AFFO isn't up more year over year, but it takes time for the additional capital that has been deployed to accretively compensate for the dilution involved in getting some of that extra capital. Short this improving stock at your financial peril, IMO. Once the market digests, this stock will be up based on these results (so long as overall market doesn't go into correction mode). Noogies not quite as tough as you think they are, I'm afraid.
I expected a GAAP loss. I don't think anything of it. Operating income improved sharply (27%). AFFO remained strong enough to support the dividend (and perhaps an increase). All indications is that operating income cill continue to see strong growth in 2Q.
Those are the facts. Deal with them and the fact that I called them before you showed up to do name calling again.
Follow your own advice. Learn how to read a financial statement.