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Old Republic International Corporation Message Board

  • Iva_Dream Iva_Dream May 8, 1998 11:19 AM Flag

    Why aint it up?

    Dow is up 1%--Nasdaq is up 1%--ORI is down .6%--Why such weakness?

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    • Or just taking a breather......It looked like some big blocks being sold today--look at the Yahoo 1 day big chart w/volume.

      • 1 Reply to Iva_Dream
      • As you may know the stock has dropped this past
        month after the split. This may be by accident , but I
        think not. You see ORI this month completed a 150
        million as well as started a new 150 million dollar buy
        back program. When you are needing to complete this
        type of buy back you need the price to be as low as
        possible without causing a major concern. Look for the
        rebound to begin by the end of the month and continue on
        an upward trend through the beginning of the new
        year. As with most title companies the highest profits
        are seen after the summer in the third quarter
        earnings. And ORI will be no exception. I have owned this
        stock for over 15 years and it follows an endless cycle
        of success. Be strong and remember I started with
        only 70 shares and now I have over 2640 never once
        buying only reinvesting. God Bless And Good Luck To All.

 
ORI
16.7895+0.0495(+0.30%)3:10 PMEDT

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