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Oppenheimer Holdings Inc. Message Board

  • thunderbirdmobile thunderbirdmobile Aug 10, 2007 11:43 AM Flag

    Have we hit bottom???? 11:AM $40.60

    Is it time to buy?????
    Is this stock involved in the Sub-prime melt down????
    Did the reversal start today????
    Earnings this last Q. looked very impressive.
    Any guess as to how earnings are going to
    pan out this next Q. ????
    *********************************************************
    Please post your thoughts. TIA
    *********************************************************

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    • Absolutely. The bottom is in. Great Quarter. Trading at approx. 10x earnings and 1.3 times book and Buy back announced after the close for up to 650,000 shares. This is 5 percent of shares outstanding and a very high percentage of the float. Insiders can't sell their stake except for a few thousands shares from time to time. Employees tend to get awarded shares and don't sell. My guess, 650k shares is over 15 percent of the float. I expect the stock will be at new highs by the end of the summer.

 
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