really quietThis board has become so quiet. It's like the sentiment of the entire market because it seems this name is still in the penalty box.
The merger with Tristar has not done anything positive although I believe that both companies have many quality assets and with the changing of the guard on the management side Tristar's management is far superior to Real's so we have a benefit there going forward. I don't know why they waited so long to complete the merger because I'm sure the "gone fishing sign" went up on Real's office right after the announcemment. It only took a day to clean out their desks not months. Meanwhile this has been dead money with little chance of any immediate recovery in value for us poor shareholders.
With the quality pool of assets, an improved management team and an improving price environment going forward I think shareholders will be rewarded but it will require patience.
Personally I am sick of being patient with this name. This has been an embarassing holding and I can't wait for them to turn the page on the new company. When a company gets down so low there is nowhere left to go but up - at least that is how I am looking at it now.
I think this company is grossly undervalued right now and can only hope that the market recognizes the value that I believe is there.
OceanRanger1