Nope. Bought more actually. Got lucky at some at 13.04. OB isn't down that much really. I only bot between $13.23 and $13.45......BEFORE the dividend. OB is now at $13.14. PLUS I gpt $0.21 dividend. So if you add the .21 to now price of $13.14....you come up with a return to $13.35. And that is less than my basis BEFORE the dividend.
I lowered my basis even further with $13.04 buys.
OB is soft for the wrong reasons. OB isn't anywhere near Japan. OB may have a few battered boats in the US insured, but no big deal.
Thesis still stands. OB is now trading just over 10 times earnings. It IS trading at book value. It yields now 6.40%.
OB is a buy. I bet Merrill upgrades after first Q numbers come.
Adding in the recent dividend, I am actually in the black here! Ha Ha. LOVE those prices below $13.10 after the div!