The buys in the fraking arena were ill-timed and seemed a bit amateurish, coming one right after the other and all with debt. I thought the refinery was a good move. It certainly would have been a $$$ maker in it's location. But what is this about the huge overrun during it's construction? I wasn't aware of any troubles of such size.
Well....who out here has a reliable crystal ball dealer? I don't.
Eth, can you explain to me your statement that RAS is not taking in any more funding? I'm referring to the sudden sale of shares below alleged book value and the debt raised recently. I thought some of the money raised was to be used for mortgage lending but the figures don't match. I presume some $$$ went to pay off loans coming due?
As with Davis I much appreciate your comments.
Short lived rally at present. Despite the acquisition there is no denying the company was not growing. Managed funds have been declining for at least three quarters, now.
It's yahoo. You probably typed and sent your correction while one of their computer degrading and totally irrelevant "must watch" video attempts was playing.
Not good. This means we have lost the potential jump in share price that can come from closing out short positions should perceptions of a firm's outlook change.
Correct me if I'm incorrect but wasn't it the prior ceo who said the div would not be cut? Go didn't make a statement about not cutting the dividend [or worse] so I think he has the flexibility to do so. The red ink isn't necessary but put on your flak vest should such an announcement be made. Note RAS' price drop a few months ago after the div was trimmed.
This whole price drop would not be so steep had a better sense of history permeated the management a few years ago.
A bit of a profit for me, now. A wee bit. Nonetheless I think over time we will be successful. We are growing without the razzmatazz of big name companies with all the freshly-out-of-business-school set churning out what will embarrass them in later years. I just wish the book value wasn't so small compared to the share price.
Coupled with the dividend this has been a satisfying investment so far. I've owned the shares for two months. Kinda enjoyable to not be bombarded with a bunch of useless doublespeak from windbags [analysts] fresh out of college such as is found with larger companies. A stealth investment of sorts.
A gradually shrinking industry with a growing world population? How so?
Regarding the Microsoft comment, I meant their buying up the competition, not the packaging surrounding the competitions' product.