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Ready Capital 6 20 Senior Notes due 2026 T.RCB


Primary Symbol: RCB

Ready Capital Corporation is a real estate finance company. The Company originates, acquires, finances, and services small-balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and to a lesser extent, mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments. Its segments include SBC Lending and Acquisitions, Small Business Lending and Residential Mortgage Banking. Its SBC Lending and Acquisitions segment originates SBC loans across the SBC property, including construction, bridge, stabilized and agency loan origination channels, through its subsidiary, ReadyCap Commercial, LLC. Its Small Business Lending segment acquires, originates and service owner-occupied loans guaranteed by the SBA, through its subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment operates its residential mortgage loan origination segment through its subsidiary, GMFS, LLC.


NYSE:RCB - Post by User

Post by Borisonon Apr 24, 2012 8:39pm
376 Views
Post# 19831633

A mess

A mess

Clearly something has gone horribly wrong! Down 35% on huge volume. Maybe a large player forced to get out? The company (if they still care) would be wise to issue a news release, even if it's just one of those "not aware of any reason for the trading activity" news releases.

              

We've seen so many juniors beaten up over the last few weeks but most of my other plays are down on small volume...this one is down substantially on large volume, with still quite a bit on the ask at 6 cents. I wouldn't touch this until there's some clarity.

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