RITM Rithm Capital Corporation

$RITM I wanted to sell this when it was lingering around $10 after owning for 6 years. But this is just a buying opportunity. So I bought 8k shares. Worst comes to worst I just sit on it and make 10%

$RITM They take this stock down when rates go up regardless of the fundamentals Great management and they have diversified into other areas. They are covering the dividend by more then 2 to 1.

$RITM with bond yields heading higher and treasuries looking more attractive, this will get sold. I have 7400 shares and I will hold , but this sucks.

$RITM short interest jumped from 28mm on 9/15 to 34+mm on 9/30. Selloff was quite simply a well executed short takedown. No change in thesis here at all. I would expect a flattish book value (with MSR valuations going a tad higher), which still has this trading at under 70% to book value. Coupled with a (exceptionally) well covered dividend that is currently north of 11.5%.

$RITM At these prices, we need a share buy back program that will also be effectively implemented. If they don’t pay out the full earnings (stuck at 0.25$/quarter), they should at least start buying back shares !

$RITM Going very heavy here on RITM.PRE preferred. Despite market reaction across their preferred stack, RITM is actually the least susceptible REIT there is to rising rates. A huge chunk of their portfolio , like the MSR's, heavily appreciate in value with higher rates. This hybrid model gives them the edge when it comes to interest rate risk. Furthermore, they have been serial underpayers of the common dividend. Mike N would much rather invest that money and grow the business than pay it out. But from the view of a preferred stock investor, this is EXACTLY what you want to see. RITM.PRE is the ticket with the fixed coupon, because while rates may get hiked once, that will be it. It will be a token hike to soothe the bond market followed after by cuts. Don't take the floating yield trap, buy the discount on fixed yield very well covered income.

$RITM I think we may be seeing some short covering going on. Them shorts don't really want to have to pay that dividend and cut into their profits. They are trying to orderly exit the trade...but since there is 30,000,000 shares short, they have to start early. They are trying to buy back without causing a small squeeze. They have 30M shares and we trade 5M a day........they have 6 days to exit orderly, and they are doing it at a time when we were beat up and people buying for dividend. So many people competing for any shares available.

$RITM $9.24 was never a question, it was absolute. The only question is do we head directly to $9 or get a bounce here. the 4th wave bounce may have already happened on the 22nd.

$RITM too early to tell if this heads to 9.24 then bounces or heads directly to $9 before the next bounce.

$RITM short interest has continued to slowly cover, but still over 30mm shares short as of end of August.

$RITM thinking of selling at a 23% loss and inventing in $ACCV Open to openions to hold or jump ship

$RITM I really dont get it. They continue to produce great earnings, yet we don't get to see any value return. No dividend increase or share price increase. What is the point in investing in this now?

$RITM This stock treated me well a few years back but kept a bunch of shares for the income. I appreciate the nice divi but is it asking too much 2% annual stock growth? 🤣

$RITM over under on short interest as of 9/30? This will be released after the close. It was 28+mm shares as of 9/15.

$RITM Has anyone looked at the D and F preferreds? They will be resetting to higher rates based on the 5 year treasury. Nice way to offset rising rates.

$RITM It makes no sense to buy this. It cannot a will not sustain any rise above mid-9; it has been known in the past to not pay a dividend; it will at best be 10% into the future from dividends with huge risk; mgmt. has signalled no dividend increase; current divident won’t be covered with any slippage in earnings, which is likely.