RAIT Financial ending its lending program, stock down 50% [Seeking Alpha]
RAIT FINANCIAL (RAS)
Last rait financial earnings: 11/2 07:30 am
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US:NYSE Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=113624
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Source: Seeking Alpha
RAIT Financial ending its lending program, stock down 50%RAIT Financial (RAS-48.7%), says that after a strategic review it has decided not to proceed with a sale, but focus on refining its current operations.The special board and advisers decided to end RAIT’s lending business in addition to across the board cost reductions.The panel also decided to both continue selling RAIT’s property portfolio and to engage an external financial adviser.Source:Press ReleaseClick to subscribe to real-time analytics on RASNow read:Analysts Continually Fail, But This CEO Does Not »
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