Orchid Island Capital Inc. (ORC)

[maverick one]

Correct - but the dividend will continue to be slashed over and over - and PPS will continue to deteriorate. There isn’t a way of out this. Why buy a likely decreasing div which becomes less attractive with principal investment losses? Biden has years left / orchid capital imo has no choice but to continue reducing div as rates continue to rise. Why else would they reduce dividends to shareholders - why bc their bleeding cash? Burn rate isn’t looking good here and by reducing dividends they are bailing on shareholders and from attracting potential new ones.

This has short me all over it - but trading in out also- but you’d be out of hour mind to hold this long with rates likely to continue go up for years with biden still in office another 2/3 years. The dividend could be reduced to a penny by time their done or completely to zero.