Best to hang tight for now.....
People sell depending on their personal situations. Maybe they found another stock that they believe will jump fast, and maybe they are in a desperate financial situation.
What we do know is a lot of money and effort has been put into bringing the SEC filings up to date. What we don't know is what the plans are. At this point it is a Crap Shoot, but I like the odds so far.
There are a number of rumors going around that BDLF will merge with another company that is into Real Estate. In my opinion, that is a lame business model considering the toxic CDO's, the implosion of the real estate markets, and the very tight financing requirements. But again these are only rumors.
I was a real estate investor for 12 years, so I have a bit of knowledge in the subject. From a long term investment perspective, jumping on investment properties right now would be the smartest move you could make. The issue is, the big payoff is probably 5 - 10 years away, so it's a bigger gamble than usual.
In any event, if BDLF and or the successor were to invest in income producing properties such as apartment complexes, shopping centers and AAA commercial tenant properties, the immediate income stream could well outweigh the longer term rise in property values.
Lot's of points to consider, personally I am hanging tight to see what happens next.
GLTA
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