Sat, Jan 31, 2015, 6:43 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

OneBeacon Insurance Group, Ltd. Message Board

  • snogreen snogreen May 26, 2011 12:12 PM Flag

    I'm out.

    I sold all. If it goes hogher might even short some. The $1 special dividend I don't think a good idea, except for WTM. i woudl rather have seen OB buy back shares, pay down mpre debt, or expand markets. Sucking out another $95 million from theor equity will also LOWER the book value per share. OVB tends to trade just above book usualy. It is a buy at book....but when you remove 95 million of equity...I figure the book value will DROP to about $12.15 per share..from about $13.25 now. If OB is around $14.50.and you get a $1.24 special dividend....then OB will open about $13.26 on ex div date......and the BOOK value will be reduced to about $12.15.which means OB will be selling $1.10 above book. Not a horrible area/price...but OB doesn't hold too far above book usually.

    IMO? Bad move.....I would have rather seen debt paydowns, stock buybacks or business expansions.

    I'm out. I don't want the dividend. but obvioulsy WTM does! I think WTM a better buy.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
15.81-0.43(-2.65%)Jan 30 4:01 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.