I think the recent upward move is warranted as this stock has fallen from its $1.00 issue price for no reason other than external factors. By external factors I am referring to the global economy and concerns in this particular sector. Apart from the more-than-expected shares that were issued as part of the dividend reinvestment policy I don't see any other internal reason for the drop in share. I am yet to see any bad news to come from RCY and the possible early opening exemplifies a good company that has just been oversold.
RCY Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
