Yes, let's see. Anyway I think everyone (including the professional investors) have deserted the secor and thrown the baby out with the bathwater. I want some guru to explain me why the lower dividend NYMTP is trading 1$ above the higher dividend NYMTO!! There are other examples of this kind of inefficiency in the market, especially in the not rated high yield sector. There are corporates (same company, same maturities, minor differences in covenants) trading 20 points above others only for liquidity reasons. Cash is king and we are in a random walk street,
I do not mind the common, it can be easily manipulated but the preferreds and the baby bonds of RAS have been hammered beyond any logical. There must be something going on otherwise their credit is the greatest buy in history.
It seems analysts are rather skeptical, started the company with neutral ratings mostly. Future growth seems hindered by competition. Anyway all these issues seem in the price. Looking for a base to start a position.