InvestmentGuru2001: "...Roberts, et al are afraid of that class action we've been threatening, and are starting to take shareholders seriously. I expect JRT to be $5 a share by January 30, 2009..."
JER certainly isn't listening to this blog. Do you have a reference for this class action?
If there is a class action, it can only hurt the company, and the stock. Is the purpose of the class action to get JER to release a huge cash dividend? Won't happen, but if it did, they'd be in a worse cash position, which would also be reflected in a declining stock price.
I've been a huge detractor of this dividend decision, but what's done is done. Any backpeddling would certainly have a HUGE negative effect.
A smart investor can make lemonade with these lemons, to be sure.
$5 by 1/30? I predict around .80. Care to share your analysis? I'll show you mine if you show me yours!