Orchid Island Capital Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. Its portfolio consists of two categories of Agency RMBS: pass-through Agency RMBS and structured Agency RMBS. It invests in pass-through securities, which are securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates are classified into three categories, including fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. It invests in structured Agency RMBS, which include collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities.

Closing Price
$5.02
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
885,428
0

Don't be fooled! Elon Musk says Warren Buffett isn't quite the 'kindly grandfather' he's cracked up to be

12:26 pm ET July 27, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

Warren Buffett has said he wouldn't invest in Tesla. On top of that, the Berkshire Hathaway boss's right-hand man once claimed that Elon Musk "may overestimate himself."

Musk, for his part, admitted back in May that he's "not the biggest fan" of Buffett (http://www.marketwatch.com/story/warren-buffett-may-be-one-of-the-most-admired-men-in-all-of-finance-but-elon-musk-isnt-buying-into-the-mystique-2020-05-07).

Two months later and not much has changed, apparently. When Musk was asked in a recent New York Times interview (https://www.nytimes.com/2020/07/25/style/elon-musk-maureen-dowd.html) whether he thought Buffett's "overrated," here's how he responded:

Buffett, not the "kindly grandfather" he's cracked up to be? Gasp!

OK, that's not a particularly vicious jab -- they've both heard much worse -- but it's pretty clear there's at least a bit of animosity between two of the richest men in the world.

This feud isn't exactly new. The deep-pocketed duo stole headlines back in May 2018 when Musk said in a call with analysts that Buffett's concept of economic moats is "lame." (http://www.marketwatch.com/story/elon-musk-is-super-super-serious-about-taking-on-warren-buffett-2018-05-06) Buffett returned fire saying, "I don't think he'd want to take us on in candy."

But are there enough competitive juices flowing for Musk to send this classic clip to Buffett after he briefly passed him on the Bloomberg Billionaires Index (https://www.bloomberg.com/billionaires/) earlier this month?

(https://www.youtube.com/embed/s_hFTR6qyEo)

When asked that question by the Times, Musk responded: "I did that!? Deny!"

Of course, Musk has been drinking the milkshakes of many of his haters lately, with Tesla having more than tripled so far this year. Buffett, on the other hand, has taken some heat as Berkshire has lost more market value (http://www.marketwatch.com/story/buffetts-berkshire-hathaway-has-lost-more-market-value-in-2020-than-all-but-4-publicly-traded-us-companies-2020-07-20) in 2020 than all but a handful of publicly traded U.S. companies.

Read: Buffett's 'lost some of his mojo,' says longtime Berkshire shareholder (http://www.marketwatch.com/story/warren-buffetts-lost-some-of-his-mojo-according-to-a-longtime-berkshire-shareholder-with-millions-at-stake-2020-07-22)

Tesla(TSLA)shares were up almost 2% in Monday's session, while Berkshire(BRKA)was stuck in the red. The Dow Jones Industrial Average , S&P 500and tech-heavy Nasdaq were all moving higher.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 27, 2020 12:26 ET (16:26 GMT)

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