VERY SOON!!! WAKE UP!!!
You do not cut a div ahead of earnings . Also they have the 12 months from now at $11.98...
I'm expecting them to report a little above what they did in March, but they cannot sustain that div.
No Company can pay a 20 percent yield unless it is borrowing money to do so.
75 million in cash will get used in 15 months and they only earning about. 2 million a month and they owe billions on the balance sheet. Just a warning. I personally don't care , but I see issues with this Company going forward.
Another thing: They will have to make another cut sometime.... The question is when..
And than: Will the stock even hold $5.00 dollars per share.
I blame management: Management should be held for all the actions they taken.
Someone said the books was cooked.... It might be true.....
Because that is not shabby and you know what....
ALL OF YOU BEEN WRONG........ DO NOT UNDERESTIMATE ORCHID OR ANY COMPANY......
The Fundamentals and growth is what matters.
If they can grow from a 50 million a year to a 200 million a year, than that should be the goal to meet.
Its not where you are now. Its where you are down the road.
The more Mortgages they get, than that will turn into profits for this company.
I think they know what they have to do to get more on the books for growth and return for profits.
The Question is: This is the 2nd correction of this company from looking at the charts.
Why all the panic over a Dividend cut?
Perhaps if most of the Mortgage companys would go to new highs and what have you, than a lot more people would be buying other Real Estate and the Mortgage business would take off.
Since rates are all time lows a interest rate hike for the first time would be good for the overall market.
I would suggest that Management should keep the dividend at current levels and wait till the end of the year to see where things are with growth and income.
On that note alone: This temporary pullback in this Stock is way overdone...... ITS A MAJOR BUY!!!!
It goes to show you how rigged the Market is.... They issue shares at 15.00 IPO never even climbs to 20.00 dollars per share. I also compare ORC to MITT ...... MITT and ORC should merge or MITT should buyout ORC and than tell Management to pack your bags.
If they wish to grow the company more, than they should stick to some plan.
SOME BOUNCE is overdue......Brooklyn trader has a swing trade on it.
Its time to go Long ORC..... Also, they still earning money.... Stocks do make pullbacks...
Although this one is too much of one. Some bounce is overdue......
The Company is growing its RMBS portfolio and is also listed on the NYSE and part of the Russell 2000 index.
Another words: It is not just disappearing anytime soon.
You buy on dips and sell on tops.
It will make its way to newer highs.
This what they said: They expect them to earn 42 cents per share for the June Quarter.
They thinking that they might cut the dividend, but Value it has going forward regardless of the price now.
Most of the damage is already priced in the Stock Price.
I think they will keep the dividend at .14 going forward to the end of the year.
I also talked with the CEO of Orchid and he personally told me the cut is probably temporary and going forward sometime it will increase again.
Regardless of what you believe: Fair Value should be at 10.25 or so per share.
Anything below that gets to be stupid for no reason.
The Panic is overdone regardless.
I think they need to produce loans themselves for Mortgages.
Here you have people that has experience in Banking, but they do not want create loans for more Revenue.
They need to produce Loans to increase Revenue.
cannot be ruled out.... Some larger Mortgage Company could swallow them.
Maybe they get bought out at 20.00 dollars pps by annally or nrz
they could get gobbled up by a larger company for sure
orchard island capital is going to get taken over
WiTH A BOOK value at 12.38 AND ONLY A .04 CENT DIVIDEND CUT.
iT IS WAY UNDERPRICED FOR SURE...... EARNINGS WAS NOT CUT.
They still forcasted to come in at .57 cents PPS.
Next the Street never gets anything right on PPS, but I can say this.
They not going out of Business and they will continue to pay Dividends every Month.....
Watch when they report earnings.
DONT SELL YOUR SHARES!!!!FIRE MANAGEMENT
You do"nt announce a div cut before earnings
that goes to show how stupid they are
good news is it is oversold for sure
some gap up will happen soon
What matters is Book Value: 12.38 PPS....
Bargain Hunters know this...
OVERSOLD : THAT IS NOT THE WORD FOR IT OVERDONE TO THE DOWNSIDE
These firms that come out with nonsense is #$%$ to begin with.
NRZ is a business same structure and trading at 15 plus per share with a book value of only 11.38 per share.
No Brainer: ORC is way oversold no matter how you look at it.....
Sentiment: Strong Buy