yes mull..., We shall see if managements worth their salt in righting this ship. I made a rather substantial bet they will after making a judgement on the CEO's work ethic & honesty after some research. The lowest pps target is $ 5 by analyist who had a 18 target 1 year ago. He feels the most burned after his big up callcall and thus $ 5. Another is $7 and another stayed around $ 11.
I agree with the business prospects you identify. ORN needs to show its gotten its house in order in Tampa and elsewhere getting profitability back in line. Its had many headwinds to deal with but it also has a plan to get back on track. Targeted margins, sale of under utilized assets, and new leadership in Tampa. I am hoping they used the last quarter to throw in everything negative since it was already a wipeout so that upside was almost a certainty for the next quarter and establish some confidence I the new regime in Tampa. Will see soon enough
passed by congress injects $$$$ into bid letting that was in question just 6 weeks ago for the 2016 corp. of engineer work. This backdrop, + new spending for infrastructure that Hillary wants to spend ,(am not saying she will win), bodes well for the next 3 years for ORN's T.A.S commercial concrete acquisition & dredging and Harbor work. Upgrades in Harbor Safety upgrades will be mandatory to combat the threat of terrorism by shipping container bombs in the near future is a distinct possibility. I really like this companies position to increase revenues and profits for several years out and definitely see a 4 to 5 bagger here.
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you are right on all counts. ORN is way too cheap. BUt it is in an out of favor sector --- but its simply too cheap at this price. THe diversification that came with the TAS buy has helped already. It is the healthier division at the moment and it mitigates the tough time in Marine. So, its working. When the 2 work together as they will in time --- things will be MUCH better
ORN is priced as if they'll never get another order and they'll never earn another dime! Just the fact that they're producing their own concrete now should give them a leg up on the competition.
Fairly comfortable place to be in this market. Shipping Trade & Geology on ORN side & 1 time earnings q. hit related to solvable issues. Heard Clinton this week say a quarter billion infrastructure bill coming if she wins. Of course, I want a Republican to win to at least prioritize the same spending with cuts in this over bloated gov. PPS, 5--6 by spring.
CEO Purchased 5,000 shares for $18,296.50 this week ($3.66/share)
11/17/2015 - Mark R. Stauffer purchased 1,500 shares @ $3.62 ($5,427.00)
11/16/2015 - Mark R. Stauffer purchased 3,500 shares @ $3.68 ($12,869.50)
If Orion was smart, they'd begin proposing proactive initiatives all around the Florida panhandle.
Cut and paste any of these titles to read the unfolding story ...
Scientists say Greenland just opened up a major new 'floodgate'
Sea level rise's threat on Palm Beach County neighborhoods
NASA's Kennedy Space Centre under threat from sea level ri
Meet the Indian islanders losing ground to the sea
Rising sea levels pose a threat to the UAE?
Get to these places before they're gone
I can’t find the reference to a story I just heard, that Miami Beach builders are now having to install electrical outlets that can be moved twice, each higher than the 1st installation, and the floors need to be ready for new slabs of concrete to elevate structures due to rising sea levels.