You are clearly a moron. to continue this spewing this nonsense. As i said earlier...from $112 to less than $3 in eight years is a remarkable decline in any, except your book and all the whiel you have been putting out the same nonsense. You have no shame.
Too true...and i have also been around the RAS board long enough to verify all of the incarnations presented here. Amazingly enough, he did comment earlier that he did not see this dividend cut coming which was a stunning admission.
And you do? You have become a joke here,,,, predictably always singing the praise of this company and management for years as the stock has spiraled down to new lows almost every day. You even take the time to spin the latest disastrous actions as being good things to no great surprise. I suspect if they filed for BK you would post here what a good move that will be as they will come out of it better off. RAS ..like yourself...has no credibility left...that's why the pps continues on a downward trajectory...and nothing you say here is going to change that. So why do you clutter this board with your Baghdad Bob nonsense. Do you really think anyone respects your view here anymore?.
and sure why not...this is now officially the lowest price that RAS has been in its entire sad financial history.....even lower than 2009...and everyday is a new low.
You are predictable. but certainly not credible DF. If once over the years you manned up and expressed dismay at a hit like this you might have some of the latter. You are a bright guy who runs the numbers and hence earns some respect for that,.but the constant and predictable cheerleading for whatever this group does is just wrong headed. Funny even when it was at 9 you never seemed to indicate any reason to do anything except sit back and ride he wave up. Now you fall back on these mythical great trades and the prediction that this will turn around again. RAS has gone from @100 to three in eight years...and this is a good business company? Really? Close to 30% loss in a week says otherwise.
i picked up a bit at 3....at this point it might be worth that and i fully expect another RS early next year so that is baked in (i like round numbers) and remember just the other day you said it wouldn't get to t the price point that kicked the last one.
I'd say its probably likely. That was their rationale the last time and they squadered that away in a matter of a few years.
Somehow i doubt that unless you are shorting this stock. Any chart shows a continual and rapid deline of RAS common for many years now....and this is all just a continuation of that trend. Like i said not that long ago, i would not be surprised to see another RS in the offing in 2016 as the pps continues to deteriorate. This is certainly not a buy and hold investment as the loss in value far outweighs the dividend. Frankly i thought that they had finally reached a stable range a couple of weeks ago, but now back to the blowing through new lows everyday. Somehow I am sure you will find a bright light to shine on this latest decline..buying opportunity, whatever just to reinforce your continual mantra about what a great company this is...yet another 8% loss in less than a week says otherwise.
Funny you have always been projecting the price to rise regardless of reality and all it has done for years is continue to decline wiping out value. Does it ever occur to you that you're just dead wrong?
You're not making money on RAS ...having read your nonsense here for years going back to the Cohen era its pretty evident that you are a sham pretending to have this great insightful take on the market a in particular RAS.
I got into RAS for the wrong reasons a long time ago and kept 1K just as a bookmark to follow it. Its been a big loser for over a decade much like yourself despite all your discredited pronouncement of how well you've traded it. Bought a house based on your brilliant plays...such BS unless it was a dog house you bought on credit.
I'm not inclined to insult you Df, its just that your #$%$ yo post here probably occasionally leads some folks into believing it to their financial detriment. If there are any long term board members here that disagree with that, I'll take that hit.
Yes I'm sure it would...any stock that goes from mid 7s to 2 in a year would meet any savvy investors criteria...and following up on the 10 year window that you mentioned on the other thread...10 years ago the pps for RAS was over 80 ..its now 2 and that would make it an even more enticing reason to buy for someone who really believes like you do. Yet no one seems to buy in. What a remarkable performance. Its actually amazing that you seem to defy the market as RAS continues its downward spiral.
Then pray tell why does the market not appreiciate that Baghdad Bob? Seems like the consensus of folks possibly brighter that you is that it is a bag o' and hence it is spiraling downward at an increasing pace. If it breaks through 2 in the next few days it will likely drop down at a pace that would portell immense difficulty for any eventual recovery. Its now .68 cent pre RS....by any measure except yours perhaps, a financial disaster
This is definetly a buyer beware. Any stock that loses 26+% one day and then 5+% the next following a miserable year already has all of the portents of being a financial disaster. I stupidly nibble a little at 3 yesterday thinking it couldn't get any worse. And do note they pulled a reverse split a few years ago to restore some financial credibility at around this price point..a move which squandered away pretty much all of that value in a few years. And that is a ploy they will likely play again soon enough.
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.
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. ...
You continue to whistle past the graveyard while this stock spirals downward as it has for the last five years and longer. All of the talk about fundamentals rings pretty hollow when the value of the company erodes away on a regular basis and face the reality....if the market doesn't buy into your regular pronouncements about how great they are (and gee if they are that good why has their credit line dried up?) then perhaps you are just dead wrong. Reality is that this price is about where it was when they did the last RS so in essence they lost all of that value (and don't even try and say the divs made up for that) and are likely to have to do that again.
Have you ever acknowledged that perhaps the market has it right and you don't?
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....
really....evidently you'll defend anything theses guys do regardless of the play. Be sure and advise us when he makes that post wash buy and explain the "all the insider purchases that happened at about the same time."