Cohen only cares about him and his family. Look what is going on at RSO. Some how $30-$40 million disappeared down a worthless hotel in Puerto Rico and the SEC is investigating. If a person can make him more money, he is fat dumb and happy. I think all CEOs and BOD have that mentality.
The Cohens are under investigation by the SEC for a fraudulent investment in Puerto Rico to the tune of $30-$40 million to a hotel. This is under RSO. When it was announced, the bottom of RSO fell clean out of sight in the last month and then they will do a reverse split on 31 Aug. Attempting to raise the price of RSO and save their hides. They need to take the fall and serve time.
Now you might ask why the sudden drop in the last week? Too much oil glut but over time that will change so one just has to bear with it. Here in the west, gas is still $3 a gallon and higher depending where a person lives. The excuse is the refineries are changing over for winter. There has been a fire. Union is on strike. Any excuse to keep the price at the pumps up. I live here in Idaho and prices in Boise area run from 2.95 to 3.10. The state needs money to fix the roads and the way to get more money is to increase the gas tax by .06 a gallon.
Sentiment: Strong Buy
I am new to this board as I just bought in the other day at 3.61 and now at 4.30. I saw the high had been at 20 and dropped to the 2s but I think it is on the way back. Maybe not to 20 but it will go up the ladder over time. I do have one question: It shows a monthly divi of .11. When do they issue the divi each month?
Sentiment: Strong Buy
I agree, we the stockholders got screwed BIG TIME by the BOD FATCATS. I hope the investigation finds them guilty and they get the slammer!!
Reverse splits never help the stockholder. I had an investment in Lucent. Then they merged with the French frogs across the pond and did a 1-10. It has been down hill ever since. I cannot afford to sell my stock as then it would be out of my pocket. Then Century link started buying out all the phone companies and along came a split: 1-.16 for each share of stock.. Another lost cause. The only ones to make out are the BODs.
Do not be surprised if the divi changes to quarterly and that the price per share increases to above $10. The only way ARR could sustain a .33 a share on a monthly basis would be to buy back a whole lot of outstanding shares. I do not know about the share increase. As I stated in my first log, I own NRF. They spun off a management company and the share price went through the roof to $18 and the divi increased to .40. Since then, NRF has dropped below $16. and has the option to buy back outstanding shares. If that happens, hopefully the divi will increase and but seriously doubt it. Again, I will wait and see what happens in August.
Now that the divi is known for the 3rd quarter, any guesses as to what the share price will be on the reverse split? I am thinking of buying ARR but not until I see what the price will be come 1 Aug. I already have shares in NRF, RSO. ARR seems to have its mood swings as does a lot of REITS lately.
There are a couple of reasons that I can think of: (1) It is an OTC stock. (2) It is not a well known stock/company. (3) The divi is only a penny. All in all, I think that this company will begin to grow as more investors become aware of it. Also those with money to invest in a franchise will see the upside.
Look at the volume today. Everyone is jumping on the band wagon for the divi? Then after the cutoff in July, investors will probably bail. Keep those pennies rolling in. The divi just gets me more shares.