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Resource America, Inc. Message Board

  • enigma6008 enigma6008 Apr 20, 2012 12:18 PM Flag

    the 3 stages

    REXI is going through 3 stages. the first stage during the financial crisis was survival and deleveraging. the second stage, taking place during the last couple years, was a transformation into a more stable company which doesnt depend on much leverage to make money. the third stage, which we are just beginning to get a glimpse of, is PROSPERITY. we have already been told that the co. will most likely have income in 2013 of over 20 million just from ONE part of the business. there are some investors who simply are happy to break even and sell, now that the stock has rallied. i believe selling now would be a grave mistake. there definitely IS prosperity on the horizon. i think it highly likely that the earnings call the first week in May will be filled with good news. and remember the book value will be 7.50, a fact that will not go unnoticed for long.

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