Username Password
S&P 500: 1,340.35 Change: -0.84%
Nomadamon
P&P Score: 98.42 | Points: 49.78 | Accuracy: 72.73 | Average Pick Score: 2.02   Annual Return: N/A  
Open
 
Closed
 
All
 
Commentary
BUY: RESOURCE CAP CORP (RSO) Rating: 4
Start Price: $5.16
Points: +20.20
Created: 11/05/2009
From 3Q earnings report:

-- Net Operating Income of $0.30 per share-diluted
-- Common stock cash dividend of $0.30 per share
-- Resource Capital Corp. repurchased $14.52 million of its corporate notes for $1.8 million, or at an 88% discount to par, for a gain of $12.7 million
-- Resource Capital Corp. had $82.8 million of liquidity at September 30, 2009
-- Resource Capital Corp. had $75.2 million of loans repaid or settled

And on top of all that, the current dividend yield is more than 24% which they have paid out despite the economic downturn.

Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.

register
Sponsored Links