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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.

15.84-0.36(-2.22%)3:15 PMEDT