Its not a matter of criticizing because folks don't agree with you. The problem is you are a pretty smart guy who simply cannot admit that RAS is not the dream stock that you have been touting for almost decade. A 10 year chart shows a steady decline in the value of RAS which has accelerated this year to a new level of deterioration. All the while you have maintained that its all good... juts hang on and it will turn around. Over the last three years RAS has squandered its 3:1 split advantage and is returning to those pre split levels. Long story short, RAS management has no credibility in the market anymore. much as is the case with you here. Folks should be smarter than to buy into your rose colored glasses view, but some have..and for that you should feel guilty. You are not impartial DF...you have never been anything but a cheerleader for RAS going back to when the Cohen raided the till before moving on.
Check out the long term trend on the common here...17% means little when the pps is off 45+% year to date. And certainly don't take DF's opinion on anything here. He has been historically wrong for almost a decade here tracing back to the days that Betsy Cohen cleaned out the till before she booked.
Gosh I'd certainly take your opinion on that based on your brilliant take on this board over the years. And lets bear in mind that those were once 10,000 shares prior to a RS which RAS is nearing the same trigger point again for. ...
And you have been steadily wrong for about the same time frame with this continued mantra about how better times are coming...even as the pps hits new all time lows on a pretty regular basis every day.
You have no credibility any more....
Wake up DF...RAS is heading for another RS early next year based on the same rationale that directed the last one....which has already been long squandered below 5 again. You can continue to preach your sad rationale that good times are around the corner but by any shor tor long term chart paints a picture of a pps that is in steady decline which will certainly not get better this year as tax loss sales pick up.
And please don't continue this moronic song about how well you're done with the stock. Its obviously delusional.
Well for starters we are not bleeding to death in the Middle East on the scale we were when the lat R was inthe WH...and i suspect you are another of those clowns who wants to commit more troops there to provide easier target. Why don't you go?
Regardless..what about posting your political opinions elsewhere and save this space for info regarding PWE.
Honestly beats me unless in the big picture there is some strategy at play that has little concern for the current pps. I'm not putting anymore into this for the time being, but not unloading any either. .
So I am kind of curious....over the years you've touted the e wisdom of having bought low and sold high as the pps bounced around.....so how can you have bought shares at a lower cost than the current price which is now at a 10 year low?
While i have my doubts about the company, thats more the result of the decline in pps and BV. Long for a good while and the numbers don't look great lately, but I don't think these guys are crooked...its just a hard market for REITs these days and i'm really not sure why. This rate of return sure seems to defy logic.at this price.
Without a doubt. If the fundamentals were as good as projected, then why the continual decline?. Its not like DF has some gifted insight that the pros don't have. There is no one on this board that is likely as well tuned into the numbers as the analysts covering this company and there are not a lot of them hanging a "Buy" sign out there. I have had RAS for a long time and it has been a steady loser..(pull up a five year chart) and all the while Davis has been forecasting better times to come...and all the while the pps continues to shed value. There is likely a good reason for that.
And certainly a better buy today right? The question that need to be answered is if this is such a good investment, why isn't the smart money loading up? Clearly folks who are crucnhing the real numbers are seeing a far darker picture. When new lows are set everyday is more likely because the future does nto look too rosey. Give these guys another year and a new RS will be in the works...its pretty evident they ar enot going to break above 5 again anytime soon and the further they drift below that point, the less likely that becomes.
agree..but do remember there was a certain amount of buys by that group at the 3 + range and we are trading at 3 minus at this point.
The Street bit didn't help but I sort of agree with them at this point...ain't selling but i wouldn't put another penny in RSO until they get their game together. Regardless if RSO is actually is doing as they say, its obvious that they have no credibility at his point. If this was the world we should be in, the Board would direct some reshuffling of management. As is with a YTD loss of over 40% and continuing to decline, the only thing i suspect is in the works is a nice bonus for all for a job well done on the RS. RSO does take the cake for being the worst performer in my portfolio, and probably for the REIT sector as a whole.
Invested here for the long term and sadly just watching that erode away every day. Another 3% today likely at best.