The last offering was at $24 and we never saw that price again until now. Those fools that bought in saw their shares drop to the $13 range and the div cut, why would anybody buy into the same #$%$ again?
I sold yesterday. Profit in the long term but will never buy back in. The activists were a blessing and I accepted the gift of their actions. I actually wish those hedge funds well and will cheeer for them. I hope they make money. This management is the wierdest I have seen in 35 years of investing. Truly at wa with the shareholders and the ultimate of entitled mentality.
I am mad enough that any voting or papers I can fill out if a class action evelope, I will do on principal. But, I will never buy this or any RMR run organization again. This bull is not so old as to be capable of learning.
I sold out last week also and had been a shareholder since 1998. They always paid a good div and the yeild was over 8%. I wont ever buy back or even trade it for a profit! This last week was fun but we all know how this story ends long term, FEES!!!!!!!!!!!!! SPINOFFS!!!!!! OFFERINGS!!!!!!!!!