Seeking Alpha

Orchid Island Capital beats by $0.18

Comments (10)
  • Capt Jack Daniels
    , contributor
    Comments (641) | Send Message
     
    Oh yeah...
    1 May, 08:09 PM Reply Like
  • NoMoreObaMao
    , contributor
    Comments (6) | Send Message
     
    I expect to see ORC go up 2% to 3% tomorrow! Woohoo!
    1 May, 09:05 PM Reply Like
  • mrmedusa
    , contributor
    Comments (229) | Send Message
     
    What he said, too!
    1 May, 09:12 PM Reply Like
  • mrmedusa
    , contributor
    Comments (229) | Send Message
     
    What he said....
    1 May, 09:02 PM Reply Like
  • adam22164
    , contributor
    Comments (40) | Send Message
     
    only went up .8 %, wonder why? shouldn't the dividend be sustainable?
    2 May, 10:16 PM Reply Like
  • mrmedusa
    , contributor
    Comments (229) | Send Message
     
    A lot of other stocktalks on ORC seem to think there are issues with the company- problems with secondary offerings below book, if I remember right. For now, this is more than just a keeper for me- I'm accumulating, especially with this news. I'll sell when they show me it's no longer worth holding on to.
    2 May, 10:37 PM Reply Like
  • Urbannek
    , contributor
    Comments (550) | Send Message
     
    Bought a small position yesterday to just sort of watch it. Trying to decide whether ORC is more risky than an ETN. Tossup right now.
    3 May, 04:26 PM Reply Like
  • mrmedusa
    , contributor
    Comments (229) | Send Message
     
    ORC dropped the usual 4% or so when they offered the SPO, and it's stayed down, just sorta treading water. From what I can see, nobody loves it, and nobody hates it, which should leave it removed from some of the emotional swings. At least I hope so.
    3 May, 06:46 PM Reply Like
  • Tucker Leppa
    , contributor
    Comments (343) | Send Message
     
    The biggest problem with ORC is the fact it is unproven. Also it has yet to have a quarter where it increases book value. The problem with secondary offerings is the lasting effect it has on both earnings per share and dilution of book value per share. As you notice they lost nearly a dollar per share in book value; this is mainly due to the two secondary offerings they did in the first quarter.
    5 May, 05:38 PM Reply Like
  • mrmedusa
    , contributor
    Comments (229) | Send Message
     
    Yeah, it's a bit tough to find good info on it. Thanks, Tucker
    5 May, 08:33 PM Reply Like
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