I bought ORI today, at 33.05Very well priced compared to estimated future earnings - very well priced compared to book value, and not much debt. I think ORI will get up nicely over the next year, even if we get no good news.actually, ori was one of the top choices in my screen. So at least according to my valuation calculations, ori is among the 20 best offers in the markets right now.Pin
new balance sheet data at yahoo todayhttp://finance.yahoo.com/q/bs?s=ORIstockholder equity went up from 3.3bln to 3.5blnthat's quite good as we have a very low price/book here. Means stock price will have to rise signinficantly to stay up with the rise in book value. closing price today is 34.90 with a little luck we should get low 40s this year already.next few weeks will probably be nice.Pin
ME TOO !I've been watching ORI for months hoping for a deeper price dip, but I took the plunge on Friday, the 12th, at $33.14.(Now, I'm wondering if buying a Property & Casualty Insurer a week before a hurricane strikes the East Coast was a good idea.)
To be frank, i haven't calculated what damage if any the hurrican might have on ori earnings this qtr and this yr.I intend to stay long, and only get out if the underlying business is threathened. Currently, ori is a value play, and even if they make a few cents less than expected, they're still dirt cheap.Anyway - those in last few days just before we heard of the storm can get out today at a profit and perhaps get back in after the storm has hit, at a lower level.I guess they sell lots of insurance these days - plenty of good reasons to have one come friday....Pin
Excellent - good price for you, too. This is definitely a sleep-at-night stock with great growth potential. You don't see a 2% dividend very often from companies with a sub-1 PEG ratio.