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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (28089)	10/16/2007 11:48:51 AM
From: Paul Senior	Read Replies (1) of 78753

Upping my few shares of insurer ORI as it falls. Very good history of annual dividend increases. (3.3% div. yield now) Apparently 1999 was a bad year for ORI, and the stock sold for a p/b of .76 average. '02 might not have been a good year either, because the stock sold at an average p/bk of 1.07. Every other year in the past ten, the stock has sold at a p/bk about 1.2-1.5. Now the p/bk is again under 1.0. (about .95 according to Yahoo). I'll bet the company/stock will recover and again sell for 1.2x book within the next 18-24 months. Also of note, book value has increased every year for at least the past ten. finance.yahoo.com

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