I am one of the poor souls that bought the stock at $1.05, when the yield was 10%, quite good really, then bang! I just couldn't believe my eyes - it drops and drops and drops, but the fundamentals are sound. Yes they have debt, but nothing that is not serviceable. It will now take me years to get back to even, years! I am sad that the company hasn't done more to reassure investors, especially those that believe in the stock and have done so for a long time. Alas, I bet a crap management decision will now wreck the long term share price. Keep the dividend where it is currently at for a number of years, and use any extra rent money to pay down the debt. This is the only way invetors will come back to the stock. It is a dividend yield play after all, especially considering it is a Property Trust - right?
PS Ant1Man - yes I got it two days ago.
RAT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
