I've been in RES since the good old CDS days. I remember that placement occurred at 20c (or $2 since dilution). RES is trading at 1/3 of those levels two years on.
Sure, we've had the GFC, but stocks have recovered since then, but NOT RES.
Is RES/CDS the long term stock that we once believe or is it now a better trading stock? I think the latter.
