Mike, you mentioned orfr's p/e is 70 based on Yahoo.
But based on Zack's, 1997 per share earnings (with only Dec quarter estimated) are $0.74, and for 1998, it's $0.98.
At the current price of approx $18, that would put orfr's trailing p/e at 24, and 18 for 1998. Sounds like real cheap growth to me, given the stable track record of earnings and sales growth.
One risk is that only two analysts track the company, but one rates it a strong buy, the other a moderate buy.
BTW, orfr is 44% off of it's all time high. There probably aren't many sellers left, I'd guess.
Happily long,
Louis |
