Core Viewpoint - Ready Capital Corporation (RC) is trading at a significant discount to its book value per share while providing a non-covered double-digit dividend yield to common shareholders. However, a reduction in the dividend is anticipated in the near term [1]. Group 1: Company Overview - Ready Capital Corporation is currently undervalued, presenting an opportunity for investors seeking high-dividend yields [1]. - The company operates in the mREIT sector, which is characterized by its focus on real estate investment trusts [1]. Group 2: Market Context - The equity market is described as a powerful mechanism that can lead to substantial wealth creation or destruction over time [1]. - Pacifica Yield aims to create long-term wealth by focusing on undervalued, high-growth companies, high-dividend stocks, REITs, and green energy firms [1].
Ready Capital: The Good, The Bad, And The Preferreds (RC)