You are not interested on those companies because they are developed already. Instead, the stock price of RAS has the potential to go up a few times if the housing market recovered?
Also, how about the companies like MTG PMI RDN? Are they going BK if the housing market cannot recover in a short time?
Honestly, I really lost confident on RAS since l think the management always put shareholder interest at the last place to consider when making decision.
Is it possible PMI run out of cash before the rebounce of the housing market?
Honestly, it is possible to have more than 1 time of dilution, but it is impossible for RAS to go bk at this time.
The higher the book value is, the more useless the RAS management look like.
Book value is meaningless on RAS with such a management team.