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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (28089)10/16/2007 11:48:51 AM
From: Paul Senior  Read Replies (1) | Respond to of 78750
 
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



To: Paul Senior who wrote (28089)11/16/2007 2:48:12 PM
From: Paul Senior  Respond to of 78750
 
I'll make my first add now to my shares of life/annuity insurer NWLIA.

At current p/bk of about .72, that's within acceptable buy range for me. Stock has traded below .72 p/bk on average in about 3 of last 10 years, equal or higher than .72 in 7 of past 10. Book value meanwhile has moved up steadily from $122/sh. at end of '97 to about $265/sh. now.

finance.yahoo.com


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