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Resource Capital Corp. Message Board

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  • jrfillion jrfillion Jul 16, 2012 10:48 AM Flag

    Why is RSO plunging today on no news???

    Down again today. I think because the moment of truth is coming. They went up because of the dividend, but the next div is a few months away and will it be cut again? Will earnings get even worse? Lots of reits are suffering reduced earnings/dividends. Untill the earnings are actually presented and are (good?) it may be wise to wait. I think the smart money got out around XDIV, and wson't come back unless it gets really cheap or there is good news.

 
RSO
11.96-0.18(-1.48%)Apr 28 4:02 PMEDT