In investor presentations they have provided "Cash Flow" estimates for the year based on different metrics.....CAD, AFFO etc. They have given a range because of the uncertainty of the Conduit part of their business model. I suspect that they will do that again, when the time is right.
But they have given AFFO and CAD guidance in past years. Certainly there would be no harm in providing a window into the future for investors.
3. $200 million or so........the Tabernas # was disclosed, but perhaps not called a write-off.
4. hopefully. makes sense to take all pain possible in Q4, so they could use the opportunity to clean up stuff.
5. All the Tabernas is. They do need to lay out $21.5 million of real cash to the SEC.
You are certainly right that the convoluted goings on make for a confidence problem. We will see if this comes to an end with a "clean" balance sheet and the big loss that they will take on eliminating Tabernas in Q4.
It will certainly be easier for the minions to understand. Maybe it will even become boring:-)
Yet, ras has been able to tap the markets big time.
RAS common stock. probably $180 million
prfd stock..........probably $150 million (including prfd D)
5 & 10 year unsecured bond offerings......about $130 million
Convertible Debt offering.............$140 million
three securitizations.................maybe $450 million in new cheap debt.
IRT common stock offerings..........maybe $200 million
Big lines of credit renewed with Citi & DB.
What did I miss? Is this because Wall St is corrupt and would do anything to make a buck? Maybe!
Book value is a number simple minded investors can wrap their heads around. I don't think it's any more complicated than that. If they thought they could say bankrupt and point to something suggesting a "likely" scenario ( every property RAS forclosed on was found to have asbestos and there will be $1 billion in lawsuits soon) it would have been just fine too.
Muck, didn't you see this earlier post.
Seeking Alpha is coming off as a foolish "publication" that has little credibility. It's unfortunate because in theory it could be a useful tool.
Hey, He#$%$ is using a picture of Milton Friedman.....so a Capitalist, Monetarist clearly must have written the piece.
The Friedman estate will be contacting SA and the author with a Cease & Desist Letter and further asking for royalties, which are long past due. God bless capitalism, where the wronged can sue.
Oh, come on. You know that the author knew exactly what he#$%$ was doing.
It's amazing that there were so many shares that were loose and ready to be scooped up.
By focusing on certain aspects of RAS and ignoring others the SA piece is not technically a lie.
Amazing what can be "accomplished."
RAS shouldn't need cash until maybe May or June based on it's current loan volumes. I can't tell you where the share price will be when it need more $, but the cash raise will not be in the next little bit.
In the meantime, the shorts are getting out:-)
Amazing volume on a poorly written SA piece.
Hugh's misinformation was very effective. I'm not so sure that's what Rand had in mind when she created the character, but interesting to see...............