Speaking of ignorant...since you like to toss out stats and such lets all just note that your last buy was 5.82 which is off .46 to date or 2.5 quarterly divs at the current rate...8% of pps and that is just in a week Sort of makes your touted strategy of buying low/selling high around a core a bit questionable. Maybe the market is just anticipating another a dismal quarter ...or maybe folks know a bit more than you profess to when it comes to this company. Reckon we all find out in a couple fo days. Anyway that shakes out its a safe bet that you will be singing a song of joy regardless of the numbers then. Don't get me wrong,...I m not taking a shot at you personally, you do a lot of research and homework but its obvious that you violate that age on adage about not falling in love with a particular stock and its just this steady mantra of skittles and rainbows on the horizon that wears pretty thin when stacked up against reality.
I've held some RAS for over 8 years and in all that time you have been singing their praise w/o question even when Betsy emptied the coffers on her way out the door....so your take is at best laughable.
Indeed if anyone bought the dips, sold the highs, they could have made a profit here but I seriously doubt that you have...your constant theme has been happy days are just around the corner. I've pretty much just let it ride and have a third less than I started with some dividends along the way, but still a loss and RAS pales in comparison witht he market as a whole.
But you keep up that tune there DF but not too many folks are buying into it....they are selling/
and not surprisingly it isn't going up, rather eroding away more than 7% in the days since you bought in at 5.82/ All of this insider buying at this point just reflects a not too bright management team. Face it DF...this has never revered from the reverse split in four years ago and likely never will but you keep up that happy song.
same thing happened with RSO a week or so ago. essentially just one holder who sold off and moved on but came across as a hue hit of the preferred...easing its way back since.
really..you think the common is doing well?
Gee once again you are right "likely to start to see the price move up this week." and if you're happy with losing 7% every couple of days power to you. Maybe if you hang in there a little longer you'll see so increase in the pps again...from another reverse stock split.
I love geniuses like yourself who are so desperate for attention that you make posts like this....just go away
Have to give credit to Myson for bailing when he did...take the loss and buy it back in 30 days when it would seem to be guaranteed lower than it is now based on the collapse in the pps. Its amazing to me that RSO is off 20% in one month so far and still spiraling down @3% a day. Dividends are essentially irrelevant at this a point when one loses two years worth in a month. This is the RAS pattern unfolding with a Cohen induced reverse stock split on the horizon...and much like RAS, that will do little except continue the losing trend down.
It did blow through 3.50 pretty quick...another 3+% drop after a series of the same really gets depressing. Even RAS was up today. I had the same conversation with Purvi last week and unless she is a well trained liar, just as baffled as a lot of us why this thing is tanking. As she pointed out, that is the bulk of her compensation package so not like she is immune to the pain. While all REITs are getting torched lately, RSO has done worse than all that I have and really...why?
Whatever. The common is off almost 30% in a year....essentially three years of dividends. If one buys it now maybe not a bad play...but if you were a long its been a continued painful spiral downward ever since the reverse split. Long term holders of RAS have taken a beating here.
you are a genius. If anyone actually took the time to note it was one big sale that dropped the preferred. The common is a different story all together,.,still a puzzle why its been ripped far worse than its peers.
I agree and will just hang in there until next month but maybe Myson wasn't too far off as it is still amazing that RSO COMMON IS OFF 17% IN ONE MONTH...and still spiraling downward....far worse than any other REIT that I own. Why?
Most REITS have been getting hammered lately although CIM had held up better than most. Whether there is logic in that or not is questionable, but the whole sector has been pounded for a good while now.