Replies to post #126 on Orchid Island Capital Inc. (ORC)

[Tinkerer]

Tom,

I did a comparison between ORC and some competitors (Most notably AGNC), and if that comparison means anything, ORC's 4th quarter results are extremely good. The market open will tell us what investors thought of the results.

Given ORC is doing another public share offering soon, they have confidence in their ability to make money. They are growing the company rapidly and investors are buying into it simultaneously. This tells me ORC's business model is capable of sustaining growth and high yielding dividends. We'll know more as time progresses. Hopefully we have some wise accountants here who can comment. Best to you.

[Tinkerer]

Tomorrow we go ex-dividend and so will start the day down 18 cents. Couple that with the looming share offering and it suggests the stock will start nose-diving from the current price range. It will be interesting to see where they price this next public share offering; I think they will price it right around $12.00/share. I have sold out of my entire position of ORC right now and am waiting to buy back in once they announce the price of the offering.