"On July 19, 2017, LEAF Commercial Capital, Inc. (“LCC”) entered into a definitive agreement to be acquired by People’s United Bank, N.A. In connection with the transaction, RCC TRS, LLC (formerly Resource TRS, Inc.), which is a wholly-owned subsidiary of Resource Capital Corp. (“RCC”), will receive total proceeds of approximately $84.0 million in cash for its 31,341 shares of Series A Redeemable Preferred Stock, 8,127 shares of Series A-1 Redeemable Preferred Stock, 4,872 shares of Series B Redeemable Preferred Stock and 2,364 shares of Series D Redeemable Preferred Stock. At March 31, 2017, RCC’s total investment in LCC was carried on its balance sheet as an investment in unconsolidated entities at $43.1 million."
sounds like they just made 40.9 million, hence the jump in shareprice.
Off 10% since the beginning of July...wonder why.
I think RSO might have reached its upward limit and that a pullback may be possible. Ive been struggling with this stock lately. Some of my other trades have been from awe-SOME-stock-s which are working out pretty well.
RSO is up 6.8%......What's going on? Thanks.
Things seem to be getting overextended for RSO. Ive been struggling with this stock lately. Some of my other trades have been from AWE.some.STOCKS which are working out pretty well.
Big volume today, highest close in like 6 months. Some big buyer wants in and hopefully knows something I don't know. Maybe there is some hope for this stock after all. GLL Ken
I've been holding onto my shares because I hoped that the company would stay solvent and eventually turn around. While I remain skeptical I must admit to delight and surprise to see it today at what I believe is a high point for the current year. The last 2 quarters earnings beat expectations by a bit and if they can pull that off for another 2 quarters and then increase the dividend in 2018 this catastrophe just might turn around. However, that said I hate to admit it but I would consider anyone buying this stock at this point a helluva a gambler, a fool or someone who knows something I sure as hell don't. Not selling though. GLL
Downside risk pretty much eliminated now I would guess, thoughts? Do you guys find it difficult to know when to buy or sell something? I prefer to get my stocks from awe.some.stock.s.
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And apparently it was just a pop with no real reason and the price continues to spiral down as i suspect management intends for it to do. Too bad compensation there isn't based on performance...just another case where management rewards themselves at the expense of the shareholder.
Based on the pop in the PPS, someone must think that the latest trend is good for RSO.
Bill, Seeds ... where in the hell are you guys? What do I do with my NRZ???? It's tanking big time today
Resource Capital Corp_ NYSE $RSO Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks
hey bill what you think, rso is on par with wmc, which one is posed to show more gains???
Cannot fathom why we are up 6% today. Earnings and CC weren't good at all.
RSO Long set up. Might be the start of some upside. Six months target at stoxline: $10.36.
bill, seeds, no posts? you both hated pcm and said they not selling it so why not say you were wrong?
Immovable force meets unstoppable object now that RSO has seen target price settled at the neutral level of 9.19. Possible pullback with some downside but also possible upside. Im not sure about you guys but awesomeSTO-CKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
Seeing is Believing. NRZ hit $17 today. RSO hit $8.44. Posters here gave me a hard time for selling RSO and buying NRZ. Damn glad I didn"t listen to them. NRZ just INCREASED their dividend to $0.48 a share. RSO needs to be flushed, it's stinking up the market.