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Old Republic International Corporation Message Board

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  • st_luey st_luey Jul 10, 2012 5:43 PM Flag

    Bought more this week

    Agreed. But isn't the problem that the company will be showing little or no earnings for the next several years? I assume there's enough cash to keep paying the dividend and the stock is ridiculously cheap. But I don't see any upside in the near term with net earnings of near nothing. I'm not selling... but this is going to take unbelievable patience to see any positive returns.

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    • I'm looking at buying this stock, but when I take a look at the financials for the last 4 years it doesn't look promising.

      There are no significant earnings over the last 4 years, 3 of them were losses and 1 was a very small gain.

      The company debt is increasing faster than the cumulative paid out dividend. And they are issuing more shares every year. So it looks to me like management is borrowing to cover the losses and dividends.

    • St Luey

      Good it worth holding on just for the dividend, knowing that it might take 2 or 3 years to work off the mortgage albatross? Well, for one thing, it's not that predictable. There can be good news sooner. No one expected the spinoff news. Granted the spinoff was cancelled, but something else can come along.

      I think the non-mortgage divisions could have faster growth than anyone expects. And a return of 8%+ isn't all that bad while we wait. But I agree, for a fast payoff, this doesn't appear to be a good place. I think I can wait it out. At least for now.

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