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Orchid Island Capital: High-Yield Just Fair Value At Best (NYSE:ORC)

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My articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don’t do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy their shares at attractive prices. From May 2022 to May 2023, I worked as an investment advisory representative at Fidelity Investments. I am now self-employed through other ventures.Part of my technique is to write an article as though it is a letter to my future self. I look at it as a chance for my ideas to improve and grow as I follow each company. As such, I tend to start from a place of caution. I used to write many Sell pieces. As of March 2024, I stopped doing that, and I simplified my approach to “Buy or Don’t Buy.” Many of my articles will either be Buy or Hold going forward. I have yet to issue a Strong Buy rating to any security.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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