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JER Investors Trust Inc. Message Board

  • value.digger value.digger Feb 19, 2009 5:40 PM Flag

    JRT = Excellent Value

    It looks for me that this company is an excellent value at the moment. The stock dividend diluted shares not more than two times. Coming reverse split changes basically nothing.

    Even if to take very, very conservative valuations and take in account the damage caused by stock dividends, the price of shares should be not less than $0.60 - $0.65 before the 1:10 reverse split. $0.24 per share is clearly a huge overreaction.

    I strongly believe that the shares will cost much more after the smoke clears. Also, on positive side is the fact that with just 5M shares outstanding after the reverse split, the company will be out of reach for day traders because the volume will not likely to be high after the reverse split is over.

    Any opinions?

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