RAIT MOR With Cash Flow Projection

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Special Situations, Long-Term Horizon, Bankruptcy

Contributor Since 2008

Paolo Gorgo' founded Nortia Research to pursue his passion for equity research. Paolo is an Italy-based investor who mostly analyzes distressed debt and turnaround cases. On Seeking Alpha, he started covering the Telecommunications Infrastructure and Colocation Industry, whose turnaround has been impressive - see his article: "Equinix's Journey From IPO To The Nasdaq 100 Through Near Bankruptcy".

Paolo's commentary has been quoted both by news organizations like Reuters and listed companies like Equinix, Switch and Data, TelX (Digital Realty), etc.

He can be reached at: admin [at] nortiaresearch [dot] com

Summary

  • Docket n. 64, filed on 09/16/19 contains RAIT's initial Monthly Operating Report [MOR], and more interestingly , a cash flow projection for the next few months.
  • The company expects to receive a net amount of $129,2 million from the sale of its operations in December.
  • Here is the cash flow projection:

RAIT MOR cash flow projectionlink

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in RFTTQ over the next 72 hours.

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