I just got back from Europe and all their news is more informative than ours. One show coming up over there "greedy liars" telling about the Koch brothers. I hope it airs here also. Al Jazeera is a good news channel.
No reason for this much of a sell off. If it wasn't for the PR hotel loss it looked like everything was as expected. I don't like reverse splits but sometimes they work out. Maybe they will attract more institutions and mutual funds with the higher share price....Terrible PR from RSO.
They addressed some questions about dividends and they mentioned shareholder value being over $7 a share. If they follow thru with their statements on dividends - depending on developments with the gas permits - this could be very positive in raising the share price..... Anyone going to participate in the conference call and if so what questions are you going to ask?
Sentiment: Strong Buy
GURE stated that the share price is too low and they were reviewing how to increase the share price. I hope they were serious and they discuss if the have decided what to do.
In time yahoo may eliminate this board and other message boards of these companies that aren't trading anymore. If we would decide to organize a group later we need a board to get initial information on and find shareholders to join the group.
Totally agree! If a poster is ridiculous and with no merit - facts or reason - use the ignore feature..... As for discussing GURE at this time we can give opinions but until some new information is available about the gas prospects and drilling permits our opinions are about all we have to discuss - other than earnings. There should not be any surprises with earnings as GURE just reaffirmed guidance. I did like it that GURE again recognized and stated the undervaluation of GURE's share price. While they may not take steps to do anything at this time I hope it is on the back burners or on a to do list.
Leon Cooperman really laid it out to them about how bad RSO management has done. He brought up their continually lowering the dividend for one thing plus telling them that reverse splits are not good. For someone of his stature in the investment world to be this negative to Cohen on the conference call I would think this should be a wake up for Cohen. He also got on them about other things- no share buyback for one. Like I posted before RSO is selling at such a large discount to book Cooperman may have purchased more shares of RSO. He was recently on CNBC with 4 reits that he owns and one thing he liked about them was the large discount to book value they are selling for.
I would not be surprised if Cooperman bought some this AM with RSO selling at a large discount to book value. He was on CNBC last week with a list of stocks he owns and 4 dividend paying stocks selling at a deep discount to book were EFC CIM TRCD PMT.
Seeking Alpha has an article that an investor is calling for a 100 million $ share buy back.
If the procedure getting the well permits is as stringent as GURE claims the awarding of the permits adds validity to GURE's financial strength.
Sentiment: Strong Buy
Thanks Alain, That is a very good point you make about the Chinese shareholders of GURE. The shareholders that hold the 7 million shares of GURE - that they received for the latest acquisition - definitely have a stake in seeing GURE increase in value. Even though there is a 5 year lock up period before they can sell their shares I believe they will expect to get more than $2 a share in 5 years and want their shares to start appreciating in value long before the lock up period is over. Even if they are working for GURE and still active in running their former company they have a lot of money riding on GURE's success. Also there could be other large shareholders that never filed with the SEC - still curious about the 30 plus million share trade day.
Sentiment: Strong Buy
The last time I could find that Cooperman owned RSO was 12/31/14. I was surprised he was on the conference call and being extremely negative to Cohen about Cohen's management of RSO and REXI. Someone of his stature in the investment community to take the time to thrash Cohen makes me wonder if he has other motives. This could hurt RSO short term as new investors might take this very negatively- however other value investors may start to notice of the book to share price- plus the insiders buying.