Cramer has given 'His' blessing to RSO and look at the GREEN. He rates RSO a Buy. He may or may not be the man to listen to but, many actually do listen to him. Just like Rush Limbaugh. Both are blowhards but they enjoy the status of Prophet with their followers. So, thanks Jim Cramer. GL2A.
Agreed. NCT is going to be very interesting to follow and as soon as January 1 arrives, I intend to buy as much as I can. In my IRA. GoGo pretty much convinced me on NCT. I did a little research and Voila, he was absolutely right. I think AGNC has a few more quarters at $1.40 dividend but after that rates will most likely head up a little and AGNC makes its money on the spread so...... GL2U.
Hey, Seeds, I was lucky and bought 10,000 NCT earlier this week. As I said before, it makes no sense why RSO PPS should not be higher compared to NCT. Higher divy consistently paid and NCT price to book not as good, $1.02 per share! Both companies are trying to grow their earnings again. It dosen't compute. However, Wes Edens has bought a whole of stock at $4.50 per share. Wish RSO insiders thought their shares were on fire sale and would make some substantial buys, not 10 or 20K but like 100K and more. IF it's your company and you believe in it, why not? This sends a big signal and would actually help their existing holdings as well. Step up to the plate, please!
They also had 227 million in cash to invest yet. There seems to be a report floating around for Nationstar stating that NCT used around 44 million of that just recently to jump into some MSRs with Nationstar, but it hasn't really gotten much press. Still seems to have a large chunk to invest so the question becomes, where and at what return do they invest it.
GL2U2! I have a bunch of RSO for my wifes IRA. I am thinking about selling some off here and there but just can't decide for sure. I was thinking about putting some into SFI preferreds and a little more into NRF. Who knows.