"It must be overbought to bring you to this board. Short as much as you can afford at any price over 13. Just look at the latest short interest report. That many shorts just have to be right as most of them are pros."
Now Dar200, You hinting that NRF is overbought is both ironic and illuminating. Given that it wasn't not that long ago (2, 3 years perhaps), that you were saying NRF was overbought at $3, $4. Ooopppp! LMAO.
Thanks ethel, Hope you are well also. I'm still around. I ABSOLUTELY HATE the latest Yahoo board format. They tinkered with it one too many times and lost a lot of regulars including me. Now I just occassionally surf to see what folks are saying. I still have a bunch of my RSOs I bought around $2 - $3 way back when.
After taking a hit on REITs that collapsed, I made a killing after the crash in 2007 - 2008 buying the Preferreds of AHT, SFI, NRF, NCT, ZB, RAS, AHT and a few CRE REITs such as MAC, RSO & others in the $2 - $5 range. Now that most of these PFDs are close to $25 par, I'm basically fat, dumb & happy and enjoying life. I also still have a bunch of my RSOs I bought around $2 - $3 way back when.
"Securitization looks good to me. RSO indicates return of over 20% on equity of $47M $7M*0.20 =$9.4M. Divide by 124M shrs =$.075 per year or about $.02 per quarter."
Hmmm, I thought I just saw a post from ruby and comments from others that suggest the RSO platform is dead as their legacy securitizations bleed off. Now, I see they're back with what appears to be a decent aggregation with a solid return. This transaction suggests to me that the RSO platform is alive and well.