Replies to post #1684 on Orchid Island Capital Inc. (ORC)

[slb5150]

Sounds very possible to me...think a friend of mine is doing something similar to this.

[ErnieBilco]

$100K buying in at $3.08 would yield 32467 shares times .045 would yield

1461.01 per month

17532.18 per year

Assuming the dividend stays the same the $100K would be paid off in 5.7 years.

How safe do you feel the dividend is on a $3 stock?

[bobroo]

In addition to doing the math to figure how much you'd profit, you need to do the math to figure where the break even is. And, here is the important part; know at the very beginning you might need to bail out if it gets to the break even level-- and accept all the consequences.

I am very bullish on ORC. I am a believer. Even still, I would divide up that 100K amongst several dividend payers; ORC just being an outlier that pays the most.

[MMAS]

I was Taught and Learned quickly early on......

NEVER EVER EVER Take a RISK (Even if close to Zero) with the EQUITY of your home in Any investment. Use any other money but Never take a risk with your equity. That is your home.


My 2 cents if you care to.hear it.


Good luck

I am strong believer in ORC but would never do that or any other stock.