I just wish to address one point you made in this post. They are not moving to repo financing. This is an increase in line and a loosening of terms and an extending of expiration on an existing line with Citi. This is a warehouse line that is structured to give Citi a relatively "tight hold" on the collateral until the collateral is moved into either a Citi securitization or a RAS securitization. This is not a change in business for RAS, it is how business has been done for a few years now, and I think you will find a similar structure in place for most other MREITs.
If you share some of whatever you're currently taking I could see the world in a whole new light................I know you're a generous man down under, Rvsh. Please share. I need a fix.................bad:-)
I'll give you one of my shares of RAS for a hit.
The past 5 years have been a very good time to go long on almost any stock. Levered......even better. The larger the sum invested, the harder it is to replicate extraordinary returns. Leverage works both ways. Had biggerclicker levered his investments earlier he would have been wiped out. Timing matters. Over his lifetime biggerclicker will find out if he is an excellent investor, or just somewhat good and happened to be fortunate in his timing.
Bigger can correct me, but what I read him saying is he has made $1.25 million profit from all investments since 2008......what's not believable about that? I've done similarly well over that same period, but I don't claim to have started with nothing.....I started with a couple hundred thousand.
If Davis does what he says he does.......your question is what is the difference.......between selling around a core position and selling out buying something else and them buying back in.......maybe taxes. taxes are always a great motivator for me.
IRT said it on the CC during the dog days of the summer. How many people do you think were listening?
For 400,000 shares it could be even just one new institutional buyer that reviewed the story and understood it and decided it was a healthy investment. Or, it could be that an existing institutional owner had cash to deploy and found this was a good spot for $4 million. Or, maybe people think its special news.........thinking they have the inside scoop............even though, if they were listening, they would know the property buys were coming.
I do look forward to the three closings this month and the 500 unit one in September. Good stuff.
Yes, the losses keep piling up! It's in the SEC filings...4 out of the last 5 years I think. Check it out. It's a fact!!!! Somehow this loser of a company raised $80 million ++ in January, $35 million in March, $65 million++ in April, $70 million++ in August. Just lots of stupid institutional investors that want to burn money:-)
Burn baby burn! It's a fact!
So post some negative stuff......not about me......about the company.
I have no problem with that. Many times I have changed my thoughts on topics or investments when confronted with intelligent, thoughtful, persuasive logic and facts. I'm aware of many of the potential downsides of investing in RAS common......give me more to think about.
Do you actually read the posts?
I don't predict the dividend.
I don't predict the stock price.
I try to talk about the business that RAS is actually doing rather than the posters and their personalities.
Back to the actual business of real estate lending. Yes, thanks to low rates and a mediocre economy RAS continues to pull itself out of the hole that Danny dug.
DP, not sure what your post has to do with Muckahoy's.
I don't typically ask DF questions, or ask specifically for him to respond to my posts. You can feel free to answer my questions, or challenge my posts as wrong....if you choose.
I'm long RAS. I'm not sure what DF or you are doing.
A rising tide lifts all boats. The commercial refi tide is rising........RAS is just one of many boats out there...........provided it doesn't do anything too stupid it will rise over the next few years......
In the Asian markets weak economic reports suggest that stimulus worldwide will continue causing bonds to go up in value as interest rates drop.
IRT will have fun putting cheap funding on the properties they are closing this month.
Maybe heat up the conduit business. Any conduit loans still on the books just went up in value.........more fees on the sell off.