i'm with you both on where the trend seems to be lately with RSO. l like these guys but starting to have my doubts and . Noted today that a minor holding i have..NRO has steadily climbed over the last year in a virtually reverse shadow of RSO. NRO has always paid a regular monthly dividend albeit that half of RSO's, but they have increased their BV and div while RSO has gone the other way... long story short, i used to be less than impressed with NRO but in comparison, they have done a lot better that RSO and that trend is continuing even today (NRO up, RSO down)
You probably should have held on to PWE...starting to make the move back up again.
If I could add anything to this thread, (which had a commendable amount of good thought invested in it) it would be to note that these guys tend to communicate well....when they need to. Management has been accurate on calling their dividend projections on an annual basis for quite a while and tend to issue occasional updates such as the recent one. While that doesn't seem to impress the market much, its good to know these folks seem to have a pretty good handle on their business.
Then again I could say the same thing about RAS back in the days when Betsy Cohen was emptying the till on the way out the door.
This is a financial board for NLY, not a forum for you to present whatever your political views are. Move on.
RSO has been a holding of mine for a good while, but I am curious why itstill lingers around the 52 week low despite a yield of almost @15%. One would think this is a pretty good ROI even with the decline in BV etc, but even the trading volume is dragging #$%$ these days. What am i missing here?
Actually I got in with these guys when the accounting issues were the troubling drag on pps. But they are stil here and slowly getting their game together though I was not thrilled with the reverse split. That always seems to be a play better for mgmt. to give themselves bigger bonuses for their brilliant stewardship than the common shareholder.
Regardless... the pps has never recovered from the reverse 5:1 split that these clowns put in motion and rewarded themselves well fro their brilliance. I would not be surprised if this trend didn't continue to eventually go below 5 again... setting in motion another reverse split with longs eating it again and all the while you'll be putting out volumes here of what a great play this is.
Its a conspiracy to let the insiders make their play.
Chill. Its never literally after the markets close...sometime this evening.
More disappointment by these guys...like the consensus here these folks credibility is pretty weak these days. Frankly I would not be surprised to see the talk as the year goes on toward a reverse split which portends an even more dismal future but the management team can deliver big bonuses for their brilliance and the common shareholder takes another hit. CIM Is a case in point....did a reverse 5:1 last month and they are already off over 6% since then. That's the sad reality when the pps stays below 5 fro a while.
I'll hold what I have but regret not having shed a lot after last quarters sos. Trend is not good. GD Cohens just seem to run shell games that start out well and then go to sht until they move on to new pastures.
Alrighty then...lets look at RAS as another stellar example of a great reverse split...06/11 reverse 3:1..and here four years later the pps is still off 8%. RAS....btw.. was another Cohen managed play which was pretty much wrecked before they moved on. I really hope this isn't history repeating itself but its sure staring to follow the trend.
All ties into some of the earleir posts about dividend, etc. Breaking new lows everyday speaks volumes about where RSO is going. If not, why would folks not jump on this sort fo return at this price? I have a pretty good holding here and normally would accumalate at this level to add to that, but the leaning is real bad with RSO now and that is likely for a good reason so i'm not willing to buck the trend. For me thats a big schange as this was one of my favorite plays for a long time.