is this news fatal, page-2

I agree Michinyou.

The timing of this release was very unfortunate.

Lots of losses for investors to wipe off.

Indeed, should RAT have to re-negotiate terms with the bond lenders, they may get a better rate and better covenants as I believe the issuers are desperate for business.

A 7% deval is not that bad given the fiasco that is going on in the states.

I'm optimistic that tomorrow it will bounce back to 13-14 cents.

The underlying value of the assets is still there and has not changed. In fact one could argue, that in these troubled times of risk/reward, having a relatively secure 6-9% return on commercial real-estate is very attractive.

Regards

Zip