Dear RAS Board friends,
Here is the tabulated entries so far in chronological order:
You still have time until last day of May to participate in this friendly contest. The winner will be the one with the closest guess when RAS will hit $8.
Please keep your guesses coming. 9 more days to go before I will tabulate and send all the entries.
Let's do a competition in which everyone will guesstimates when RAS will hit $8 a share again.
Entries for the competition will start now and will end on May 31, 2015. I will pay $50 to the winner who guesses closest to the date when RAS will hit $8.
My Guess Entry: January 7, 2016
Do you guys think that anything new will come out of the shareholders meeting?
The hope is that management will announce some positive news that may spur a spike in the lagging share price.
The Seeking Alpha article that some of you on this board ridiculed is proving to be absolutely correct. All you have to do is look at the 12 months graph of RAS share price to see where the next stop is.
RAS has been paying dividends; however the share price has gone from about $9 to $6.50 and if we calculate the dicvidend payment in this period, it will be around 70 cents, while we have lost $2.50 so far in share price. Judge for yourselves, this management does not care about shareholders as this company has never cared before this management. All you have to do is to look at the rate of return in the last 8 years.
Just My Humble Opinion.
The market goes up, RAS goes down, the market goes down, RAS goes down even more.
It seems that the Tabernas were good for RAS. Since they have been gone, RAS has gone down almost 20%.
It was mentioned on this board by a few so called experts, that after Tabernas, the RAS finances will get better & that the share price will go up. Well, the exact opposite has happened.
Actually it seems that the infamous Seeking Alpha's article about RAS is turning out to be true, and the way the share price is sinking, we may see the $5 range soon.