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Old Republic International Corporation Message Board

st_luey 4 posts  |  Last Activity: Jun 23, 2015 5:25 PM Member since: Feb 7, 1999
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  • Reply to

    Saudi Order

    by ted10054 Jun 23, 2015 1:38 PM
    st_luey st_luey Jun 23, 2015 5:25 PM Flag

    I agree that the stock buyback is ongoing. What I should have said is that whatever they are doing doesn't seem to be enough to be having much of a positive effect on the stock price.

    Sentiment: Buy

  • Reply to

    Saudi Order

    by ted10054 Jun 23, 2015 1:38 PM
    st_luey st_luey Jun 23, 2015 3:36 PM Flag

    Investors have lost patience with them. Mini improvement in stock after last earnings release on new order increase followed by drifting back to low 6 level. Apparently stock buyback is on hold also and company is content to just let stock drift near lows. I sure hope you are correct about something materializing soon from their major Mideast investments....it's been a long process with little to show so far.....

    Sentiment: Buy

  • Reply to

    Loss for the quarter 64 cents/share

    by shitamar Jun 12, 2015 9:51 AM
    st_luey st_luey Jun 12, 2015 11:01 AM Flag

    I agree that the quarter was lousy. But the stock market is a forward looking indicator. Plus they had already said the first part of this fiscal year would be lousy ( so I don't see where they are hiding anything) and the stock is near its lows at a significant discount to book value.

    Sentiment: Buy

  • Reply to

    Backlog Doubles and Growing This Quarter

    by ted10054 Jun 12, 2015 8:51 AM
    st_luey st_luey Jun 12, 2015 10:49 AM Flag

    I find it interesting that the backlog doubled with no mention in the press release of new orders in the Mideast which is where they have made most of their new capital investments ( also spent much of the last press release discussing all the new infrastructure projects that will be taking place over there). So I hope you are correct that the turnaround in activity has just begun. It sure seems that way. ( Hopefully they will give additional updates at next week's annual meeting)

    Sentiment: Buy

ORI
16.465+0.095(+0.58%)1:02 PMEDT