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JER Investors Trust Inc. Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 Aug 29, 2008 1:58 PM Flag

    Unless we see $10 a share soon

    Untrue. The management has portrayed JRT as fiscally sound and continues to pay a dividend that supports that perspective. The fact is that they have had to borrow money to maintain solvency, and things have worsened on their investment front. Read management's remarks and statements during the last conference call and in recent weeks. Read what they have posted on their website. Recognize the recent downgrades. Them tell me they haven't mislead investors. A class acation is exactly what is in order. And unless our group sees a substnatial increase in the current share price, we'll move forward with our class action suit.

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    • You are an idiot. The company actually cut the dividend this year. To qualify as a REIT, and to avoid double taxation, the company is required to pay out 90% of earnings in the form of dividends. The company isn't borrwing money to pay the dividend, they borrowed, in the past, to aquire assets (their loan portfolio consisting of CMBS and other types of debt). As the value of CMBS have declined the company has been forced to pay back money they borrowed to aquire these assets. The value that CMBS assets are selling in the market do not reflect the true value of the assets imho, more a victim of the credit crunch.

      Please, please, please file a lawsuit. Then you can be laughed out of court, just as people laugh at the stupidity of your message board postings.