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Ready Capital Corp T.RC


Primary Symbol: RC Alternate Symbol(s):  RC.PR.C

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property including construction, bridge, stabilized and agency loan origination channels through its wholly owned subsidiary, ReadyCap Commercial, LLC. These originated loans are generally held-for-investment or placed into securitization structures. As part of this segment, it originates and services multi-family loan products under the Freddie Mac SBL program. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the Small Business Administration (SBA) under its SBA Section 7(a) Program through its wholly owned subsidiary, ReadyCap Lending, LLC.


NYSE:RC - Post by User

Bullboard Posts
Comment by _mvmon Apr 23, 2004 11:17pm
165 Views
Post# 7396591

RE: 0.81 bid at pre-open

RE: 0.81 bid at pre-openI seem to remember that at the AGM they promised that the first 2 quarters would show a loss and that they hoped to turn a profit in Q3. I suspect that we will see exactly that. Q2 Earnings should be out in about 3 weeks. I have sold some; mostly in anticipation of good buying opportunities in the weeks following Q2 earnings but I did not like to see the insider selling either. I have been monitoring it to see if any other execs follow suit. Nothing yet on that front. It is one thing if one of the directors needs to free up some cash for whatever reason; if others follow suit we should pay close attention.
Bullboard Posts