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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42267)	8/9/2011 5:10:41 PM
From: Paul Senior	of 78673

ORN: Added more shares to my losing tracking position. It's basically a heavy-construction marine contractor. I suppose the big risks ORN faces are that it can't get enough contracting jobs and/or of the jobs it does get, it overbids on them and they turn out to be unprofitable. If times are tough in the business now, eventually the business may recover. Meanwhile ORN should be able to hold on -- it's got cash and no long-term debt. I should be so lucky. finance.yahoo.com I show steadily rising stated bv and a company that's been profitable in each of the last ten years. Maybe won't be for '11 though. Price/stated bv at .61 seems low to me. finance.yahoo.com

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