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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (29173)12/5/2007 7:39:08 PM
From: Grommit  Respond to of 78773
 
RAS -- that's a much better posting. :o)
good luck.



To: E_K_S who wrote (29173)12/8/2007 4:25:51 PM
From: Madharry  Respond to of 78773
 
there was a little insider buying in MCGC in december:

secform4.com

I continue to hold my ras but am diversifying now. I did read the transcrip of the conference call on ras and thought it was pretty good. Leon Cooperman asked a couple of questions on the call so you might like to take a look at it.



To: E_K_S who wrote (29173)12/28/2007 3:49:37 PM
From: E_K_S  Respond to of 78773
 
Started a small position in RAS RAIT Financial Trust (RAS) in the taxable account. I plan to write some covered calls to generate income.

Stock is still quite speculative but over time with no surprise announcements by management, I expect to see the price recover back to $15-$18.

There was large insider buying August 1, 2007 at prices between $6-$8.90.

The "value" proposition is that the market over reacted in the sell off in early August 2007 (from $30 down to $6) due to the uncertainty of the value of their different debt obligations. My expectations is that over time the market will re evaluate all of RAS debt issues and conclude that it was over done.

EKS