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JER Investors Trust Inc. Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 Feb 26, 2009 6:34 PM Flag

    Can We Take JRT Over?

    You'll need to invest about $3.5 million in the company to garner control at the current price. This is very doable, and you might consider establishing a pool of funds to do just that. The problem is you might find all kinds of poison pills and golden parachutes for the current managers that will cost you far more than $3.5 million.

    The best bet for shareholders is if managment was honest enough to liquidate its holdings (worth about $15/share post split) and disolve the company. But I expect that these managers are not honest (especially now since John Robert is recuperating from brain surgery and out of the picture), and that they intend to suck every dollar they can out of JRT before it really is forced out of business. Just right off your investment. It's the best you could hope for.