Resource Capital Corporation (RSO)

[big-yank]

These dips occur with virtually every rights offering from every mReit and the retail sheep flee, fearing the dilution boogie man, creating another buying opportunity for me.

I wish amateurs would quit buying mReits with no understanding of how they work or pay off. I watched a bunch of them get decimated because of GAAP accounting reconciliations that mean nothing regarding forward dividends or book value. Then they inevitably bounce back and go higher as the asset value enhances book value.

I have a mid six-figure portfolio of around a dozen mReits and I am up over 23% YTD against an S&P rise of 11.85% and I did just as well last year, playing the same game the same way with just minor adjustments.