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Old Republic International Corporation Message Board

ori.investor 4 posts  |  Last Activity: Jan 29, 2015 8:12 AM Member since: Mar 25, 2011
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  • Reply to

    bought more

    by the_millionaire_next_door Jan 22, 2015 11:22 AM
    ori.investor ori.investor Jan 29, 2015 8:12 AM Flag

    I added at 13.90. The conference call didn't increase my expectation for more than a .01 increase in the dividend. But a reliable 5%+ yield with the potential for larger increases some day keeps me long. Zucaro is no ball of fire, even for an insurance company. I have to think he's part of the reason Wall Street isn't excited about the stock.

  • Reply to

    New dividend predictions

    by the_millionaire_next_door Jan 20, 2015 1:29 PM
    ori.investor ori.investor Jan 21, 2015 6:15 PM Flag

    I don't think they'll announce the dividend with the earnings report. Last year they did it nearer to the end of February. I am cautiously optimistic that it can be more than .01 this year given that they had enough money to start a new venture. But maybe that's why they can't! :) .01 is still the best assumption to make.

    A 5.2% yield plus future increases of any amount makes this very attractive for income investors. For income investors it's a strong buy IMO. And some day it will grow again.

    Sentiment: Strong Buy

  • Reply to

    Conference Call forward guidance

    by steinej Oct 24, 2014 7:59 AM
    ori.investor ori.investor Oct 24, 2014 5:25 PM Flag

    My inference from that comment was that dividend increases are going to continue to be anemic for the foreseeable future. The discussion arose because an analyst asked what the outlook was for dividend increases. So if the payout ratio is going to fall to 30-35%, unless earnings move significantly higher, there's no way they are going to raise the dividend any faster than they have been recently.

    I am confident that the dividend is secure, but I'm tired of these token 1/4 of 1 cent dividend increases every year. That was OK as a symbolic statement back in the financial crisis, but that ended 5 years ago. It's time to show some significant growth. And it's not happening yet.

    They're talking about 10 year cycles - and the toxic division not running off until 2022. So in 2022 they might be able to free up some capital! I can't believe they raised all that money and didn't have a plan to shed that effing toxic division. I thought they'd shore it up to regulators' satisfaction and sell it. Hell no, we get to sit and watch 8 more years as it slowly dribbles off the books.

    The dividend is secure, so as a bond equivalent, ORI is a buy. But it's getting painful to see how there's nothing on the horizon to speed things up. I appreciated Al's plowhorse approach in the middle of the crisis, but I think he's earned his time out in the pasture.

  • ori.investor by ori.investor Sep 23, 2014 7:59 PM Flag

    I hope it means they are about to put the mortgage division issues to rest for regulators. I'd use the selloff to add.

    Sentiment: Buy

ORI
14.74-0.20(-1.37%)12:28 PMEST

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