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Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds

I've been buying Ready Capital's ( RC ) 6.50% Series E Cumulative Preferreds (NYSE: RC.PR.E ) on the back of the mREIT's sustained year-to-date selloff. The commons are down 40% with the E preferreds dipping 16% over the sameThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, ...