First, what are you doing here. You said you would leave under multiple IDs over a long period of time.
Oh well, welcome back!
You don't recommend buy or sell.............always dangerous............with the exception of RAS.
The supplementary information is clear as can be (not the consolidated numbers).
AFFO is not GAAP.
Suggesting that Ras consolidation Irt is intentional deception is stoopitity. Lots of legitimate things to complain about, why focus on an illegitimate one? Could it be that Alankane77 aka muckahouy88 aka Mrhughakson's lover was intentionally causing deception?
It's called GAAP.
RAS provides detailed breakout of IRT in the supplementary financials. Anyone but a nimnut can read them and figure it all out. Good luck!
Irt filed a new presentation with the sec. The filing was done in preparation for the REIT conference where Scott and Ferel will present tomorrow.
I listen to or read the conference calls for Irt, so I was already up to date. The only thing I think I learned was that the company has followed through and reduced the $120 million bridge loan used to buy TSRE down to about $30 million as planned.
I suspect it will take quite a while for it to get over the $100 mark that it was at a few years back. Perhaps several of my lifetimes!
I agree, I don't think that's likely.
I'm not sure why the Cohens gave up.
It's also interesting because the guy that bought REXI, Andrew Farkas, is a Srewed operator. It only buys when there is good value available.
Somewhat amazed that no one has posted on this topic. I've been traveling all day, so I haven't been able to up until now. What will the Cohens do now that they have sold out of REXI?
Will Scott let them back here?😉😂
Will they invest their proceeds here?
Based on the valuation paid, what does that mean for RAS. What does it mean for RSO?
I didn't say anything.
A month or two back, I too had suggested a complete suspension of the dividends to common. Pay off the recourse debt as it comes due, or buy it back faster if there is excess cash. It will infuriate some common holders. Strengthen balance sheet for all debt holders and prefereds.
It might sound a bit crazy, but Ras would not be the first to do something like this.
It is a much less risky path.