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Institutional Financial Markets, Inc. Message Board

jmyduce 20 posts  |  Last Activity: Jul 28, 2014 11:18 AM Member since: Feb 10, 2008
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  • Hate to sound like Davis….but the last few days have presented me with another opportunity to buy with a projected 9+% dividend. Those of us who follow closely know the dividend will increase…just a matter of by how much…at some point, expect to see a two cent jump…I believe that is when RAS will get more attention from the market...

    Sentiment: Buy

  • Reply to

    MORE ON DILUTION

    by muckahoy88 Jul 16, 2014 10:06 AM
    jmyduce jmyduce Jul 16, 2014 3:15 PM Flag

    I agree but it's happening….so it can't be irrational to everyone..

    Sentiment: Buy

  • Reply to

    a good CEF

    by mikectm2 Jul 14, 2014 12:00 AM
    jmyduce jmyduce Jul 16, 2014 3:12 PM Flag

    I'm fairly new to this fund and very happy…I have a question..why do holders seem to rush in and out of this fund? Do they think they can park their money somewhere else for a larger return…

    FYI: I'm a boomer looking for a steady income stream...

  • Reply to

    MORE ON DILUTION

    by muckahoy88 Jul 16, 2014 10:06 AM
    jmyduce jmyduce Jul 16, 2014 12:18 PM Flag

    I'd rather see IRT print more shares than RAS…I now realize IRT's offering will pull RAS down a bit..didn't see that coming...

    Sentiment: Buy

  • jmyduce jmyduce Jul 2, 2014 10:06 AM Flag

    In defense of Davis's predictions…based upon the constant rising dividend his predictions have not been unreasonable and might have been obtainable, (not looking to pick a fight here) but book value and GAAP measurements remain a component of most investors research and decision making.

    RAS was one of the first to emphasize AFFO, then came and 'adjusted book value' & now CAD…All an attempt to try glazing over or deflect the glare from GAAP losses. I see no other reasonable explanation for the lack of investors interest in RAS…Growing dividend and plenty of potential for growth in share price yet the price doesn't move. Every time I look to invest dead money and research other REITs I end up buying more RAS...I think until the Taberna write-downs end the price will not move to the levels that Davis justifiably predicts….

    Sentiment: Buy

  • jmyduce by jmyduce Jun 21, 2014 3:50 PM Flag

    Been busy of late...yesterday's volume seems high for only a penny change on the day. Did I miss some sort of news this week on RAS?

    Sentiment: Buy

  • Reply to

    Divy Increase

    by needoptions Jun 13, 2014 4:04 PM
    jmyduce jmyduce Jun 13, 2014 4:12 PM Flag

    Not by me..I bought more at open…72 cents per year on $8= 9%….

    Sentiment: Buy

  • Reply to

    Now the 2 month wait window for next Dilution.

    by mugblum Jun 13, 2014 10:17 AM
    jmyduce jmyduce Jun 13, 2014 11:08 AM Flag

    Mugs..If RAS can earn more money than the cost to obtain, what's the problem?

    Sentiment: Buy

  • Reply to

    DILUTION

    by boxcompany1 May 30, 2014 9:41 PM
    jmyduce jmyduce May 31, 2014 10:51 AM Flag

    Something the newbies are missing here is…with the exception of distressed REITS (which RAS is or was one) how can a stock appreciate and distribute 90% of their earnings. Look back during the glory days (1990's thru mid 2000's)..it went up a buck at a time over the course of a year. Unless a REIT's holdings are undervalued on the balance sheet where would the price appreciation come from?

    Not looking to rile Davis here, but unless investors get over zealous in buying for the dividend why would the value go up by more than the annual 10% retained earnings?

    Reits do not invent a better mousetrap. They were designed to provide steady dividend returns via the 90% distribution rule.

    Unless your buying into a distressed REIT, growth is secondary and can only be accomplished via additional capital that costs less then the new money can earn...

    Sentiment: Buy

  • Reply to

    Any more dips coming?

    by jmyduce May 28, 2014 5:42 PM
    jmyduce jmyduce May 29, 2014 5:56 AM Flag

    Arde & Davis, thanks for a serious reply…I was thinking in the same vein..anything under $8 before next announcement should be good….a few months ago I bought at $8.05 and thought that would be the lowest price we would see again….17 cents on $8 is more in a quarter than I get from BOA in a year!

    Sentiment: Buy

  • Missed last weeks opportunity…even retirement can get too busy…any thoughts on if or when the next dip will occur or did we already bottom out last week?…looking to add more shares before next divy announcement...

    Sentiment: Buy

  • jmyduce jmyduce May 24, 2014 8:56 AM Flag

    nyforty…there is nothing in this companies recent history that would indicate an intention to distribute money to the stuckholders.

    The only money that will be spread around will be via salaries & sock options.

    Sentiment: Hold

  • jmyduce jmyduce May 21, 2014 4:30 PM Flag

    bbhh...I've been with RAS since the late 90's (I did sell after the stock crossed over $33 only to return in '07 @ $24) and as I remember they have owned and operated some real estate during that entire time. Mostly multi-dwellings with some commercial. I don't see them ever selling off all their properties. They have had too much success in this area to give it up totally.

    Sentiment: Buy

  • jmyduce jmyduce May 21, 2014 4:18 PM Flag

    Lots of shares bought today…Was the you eth buying in for more of those two cent divies?

    Sentiment: Hold

  • Reply to

    Simple Question

    by needoptions May 19, 2014 2:42 PM
    jmyduce jmyduce May 19, 2014 2:53 PM Flag

    To be fair, RAS apparently received some one-time or non-recuring income during Q4 2013 causing a spike in earnings. RAS mgmt did not see fit to explain the spike, there-by, creating the appearance of falling five cents short of the market's earnings projections for Q1-2014.

    RAS has never been good at public relations nor do they seem to see the need to be. This has been a problem for many years. If this had been addressed timely maybe the bad press and subsequent plunge after the CC would not have happened!

    At these prices, I'm buying more soon as I can loosen up some money...

    Sentiment: Buy

  • Reply to

    Next common dividend

    by ethison May 17, 2014 8:24 AM
    jmyduce jmyduce May 17, 2014 4:58 PM Flag

    What is the likelihood of the dividend going up to 18 cents? Seems like the spike in the 4th qtr results should have been explained by RAS rather than have it appear they missed their mark by 5 cents in Q1, as was reported on some financial sites after the CC.

    Sentiment: Buy

  • jmyduce jmyduce May 17, 2014 4:44 PM Flag

    Just look at the last 2-3 years of price & volume history…business as usual….volume & price action are neither predicable or explainable on AFN/Cohen/IFMI…one thing is for sure, we are not going to see any earnings pass through the income statement. Danny Boy has taught his successors well!

  • Reply to

    Memorable Foulgerites of days gone by

    by ki1gore_trout May 15, 2014 5:17 PM
    jmyduce jmyduce May 15, 2014 8:55 PM Flag

    Good memory…offs23 was perhaps the most astute poster this board has seen since '08 (many other very good posters had left by the end of '08).. His analysis was usually spot on and his forecasting was just as good…He was painted to be negative but in reality he posted what was true and what would eventually come to pass. He had no interest in waiting this thing out…not did he trust managements spin cycle at the CC's & financials. He correctly predicted what the real book value range would be and that's were we are today.

    Sentiment: Buy

  • Reply to

    $8.10 is fair value

    by ki1gore_trout May 7, 2014 5:48 PM
    jmyduce jmyduce May 7, 2014 7:39 PM Flag

    I know many readers here don't like to make historical comparisons but back when RAS was going good it usually sold at about book value to 15% over, while paying a 8-10% dividend. If a company can only retain 10% of it's earnings, one cannot expect much in the way of share appreciation.

    Disclaimer: Ras did reach levels well above book value briefly during a bull run. RAS was overpriced by about $10/share and that's when Davis first bought in!

    Sentiment: Buy

  • Reply to

    100% of the NYSE volume for RAS was...

    by wandering_mistrial May 3, 2014 12:09 AM
    jmyduce jmyduce May 3, 2014 3:12 PM Flag

    Serious question..how or why does it matter who buys, sells or shorts shares of RAS? This subject seems to gather a lot of interest but it seems that at the end of the day it's the selling price and the movement thereof that matters...

    Sentiment: Buy

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