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ORC - Orchid Island Capital: Decent Results But Long-Term Issues Remain
Orchid Island Capital Inc.
2024-04-25 18:29:19 ET
Summary
Orchid Island Capital announced better-than-expected earnings for last quarter.
The company's profits did not come from its main business of collecting interest, but from hedges and derivative contracts.
Orchid Island Capital has a history of overleverage, overpayment of dividends, and massive dilution, which raises doubts about its ability to maintain dividends in the future.