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Non-Tech : DRIPs -- Dividend reinvestment plans

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To: Doc who wrote (40)12/26/1996 10:38:00 PM
From: Doc   of 263
 
To Michael in regards to your request on my thoughts on OCR:

If you currently own this security, I would rate it at this time as a HOLD. If you are considering adding it to your portfolio, then I would say that the appreciation from here is limited.
12-mo Target Price: $34
est.EPS (1996) $.60
est.EPS (1997) $.78
current P/E 49

There are better opportunities elsewhere. I recommend ADRs/ADS (foreign securities trading on the NYSE--a few on NASDAQ) Diversification into other markets will spread the RISK. The appreciation potential of the US market is LIMITED in 1997. You will have to be nimble to make money in the US in 1997.
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