EZ, I don't own this stock, but I noticed it when it went down the other day. I will continue to observe it to see if it going down where I think it should be around 5's or 6's when the dividend keeps dropping. These stocks trade strictly based on the dividend payout and not book. If they continue to cut the dividend, it will go down. If you are looking out 10 years and you are dripping it, it may work out, but if you are spending the monthly income, probably it's not such a great deal.
Really bad numbers and not even with FED interest raise yet. Get out while you still can. I told all you to get out before the X-dividend day, but no you just averaged down. ORC will hit the 6's not long from now!
There could be a rather large drop tomorrow if the earning report is poor. A good time to be short the stock today into tomorrow.
tank on July 23 or before as all you that want to SELL are waiting for the Ex-dividend date to get a few pennies. Take it from me, DON'T wait. It is going down......
Why you ask? ORC has the same problem as PSEC, the shareholders DON'T trust the folks running it!