RC Ready Capital Corp

$RC the way this drops every day, it will be trading at 6 cents a share soon. I took at stab at $1.36 because I thought THAT was too low.

$RC anyone else notice how nobody seems to want to hold this more than a few hours? Tends to sell off before the end of the day nearly every day. I guess a bunch of penny traders piss around with it and get out before the end of the day. Their last earnings report showed progress even though earnings were still negative. The stock rebounded to near $2 on that. Imagine if more progress is made on the next earnings! Could we approach $2 again?? If so, that is nearly a double from these low levels. I am holding my shares with a cost basis 1.27 and will add more if it dips further.

$RC 2026 debt mostly gone with about $100 m to be paid from cash on hand pretty soon. With remaining approved buyback budget the could buy half the outstanding stock. Price action doesn’t suggest they are, but I hope so.

$RC down 35% in one month...wow, you would think that they announced themselves as a going concern or something like that.

$RC Delist it and give us the $5 cash; this drop is abnormal—it's far below the actual value.

$RC john Management just announced a refinancing or payoff of all outstanding corporate debt coming due by the end of this year. They have pushed out the maturity of the refinanced debt to 2031. However they have paid a pretty penny for the extension. They are calling in debt with an interest rate of 4.5% and paying for it with debt of 10%. However the principal amount is a little over half of current debt. Now they can start to focus on growing the company and becoming profitable once again. If only the stock price would agree with me. Good luck.

$RC If the share price keeps rising like this, we might well have seen the definitive bottom. I’m very curious to see if any short positions have been covered.

$RC redeemed $350M of its 4.5% senior secured notes due 2026 and closed a $225M private placement of 10% notes due 2031.

$RC I am down the rabbit hole and my average is $4. Is it worth buying more or eventually all my $$ will disappear if I keep buying down? Any feedback would be greatly appreciated.