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Strategies & Market Trends : Value Investing

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From: Paul Senior4/13/2011 4:57:21 PM
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I'll pull "marine specialty contractor" Orion Marine off the new lows list and try it again with a tracking position in it.

New entrants into marine construction are apparently affecting ORN: seekingalpha.com (March 8)

In past ORN has had decent roe and increasing stated bv. At current price, stock drops into my style box for a value play.

Company has $23M cash ($.86/sh) per Yahoo, no ltd.

If contracts are being let, and if ORN can get its share, I agree with author above, stock could/should/might trade at $15 again. I'll try to give it a year/18 months to see.

finance.yahoo.com
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