Nice to see some useful info here...thanks for posting.
I'll play it safe and hold off for a few days...this rapid of a decline might cause other panic selling though I believe it is already way over done at this point.
I'd chill on this one...its so lightly traded that any panic selling accelerates beyond the rationale. You're right on the decline in BV, but its still way above what its trading for now. if it hits 8.50 in the next few days i'll add a little more. .
Fundamentals might be great but if the market doesn't pick up on it than the pps languishes. I'm heavy on RSO, but wonder why Cooperman bailed if everything really was as good as presented. He isn't an idiot so why walk away from double digit returns?
Might as well post a stock chart there too showing the decline in pps...we are now below August of 2009..not a pretty picture.
While all of the REITs are getting clocked today, RSO is probably the worst of the lot and I'm really not getting why. New 52 week/3 year low again today...ugh. Evidently no one bought into the presentation..where did you catch it at?
Seeds.. Like I said, given the trend in the sector the fact that it didn't sink today is encouraging. I don't have high expectation for growth with these guys, but stability and continuing a decent return would be nice. Myson might be onto something on the buy back.
I added more last week at 4.15 so if it continues to stay above that I feel like I stayed at a Holiday Inn Express.
maybe you need to do the math. Based on your posted numbers there you lost $2,141,547 and gained $11,314 in dividends. That's not good.
Whatever...all of the REITs that i have got plowed today (CIM, OAKS,RAS,TWO,etc.... but RSO stayed stable which is encouraging.
Pretty much agree with everything here and have held this stock for a long time. While I still have some doubts, I added more at 4.15.yesterday.#$%$
well considering the last one was April 30th...the next one would be around July 30th. When they announce is really irrelevant...its whenever they opt to do it. .
Its a sad state of affairs where we would be delighted with 4.50 which would make it only a 25% decline from last year this time.
I don't know...might be because it is really just a POS. It's off over 30% for a year and over 2% today alone...that is not a good indicator.
Maybe...but there are folks like Seeds and I who have been around a while and get concerned when we see the same pattern emerging as happened with RAS, another Cohen led operation that has never really recovered from that management style. Its like Deja vu all over again...hope not.