It certainly would be a change to see something positive to come out of this company for a change. A 10% decline this week alone, on top of a 27% fall in the last year or so (even accounting for the special dividend), isn't too comforting.
Hang in there. Mr. Roskind is a bright guy. This company originated out of his old holdings and he is now back in the picture. The guy owns to many shares for this thing to go south. This might just be the best time for the company as no one is getting loans and people are selling properties. They have a lot of cash on hand and will probably make some decent deals.
Not only does Ashner leave, but he immediately engineers the sale of Winthrop's entire stake in the company, immediately receives his restricted shares AND we agree to pay him $1.5m per month for the next 9 months. The guys need a lesson in how to enhance-rather than diminish-shareholder value.