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

To: E_K_S who wrote (31466)	3/12/2010 8:03:30 AM
From: Area51	Read Replies (1) \| Respond to of 78717

Does anyone still follow RAS? Balance sheet doesn't look so bad at $3095M in assets versus $2325M in liabilities (plus 163M i n preferreds). I've own the preferred for many months but lately have been buying a small amount of the common. Non-performing assets and debt payable seem under control They have $246 million of convertible debt due in 2012 but that seems doable (I believe they bought back $13x million in 2009 at a nice discount). snl.com If nobody wants to follow it I understand <g>. We had some tough times with this one in 2007 and 2008, but looks to me like they should weather the storm?