Mungerville Posted March 4, 2009 Posted March 4, 2009 Anyone know why ORH took such a dramatic drop today? If it comes down another 10-15% this could get interesting.
Uccmal Posted March 4, 2009 Posted March 4, 2009 I would think people are panicking out of stocks. There is no relation between performance and price right now. Look at FFH. 0.8 times 2008 year end conservative book. Cheaper than ORH!
Mungerville Posted March 4, 2009 Author Posted March 4, 2009 I think if you stick to what you know and stick to things - to borrow from Jim Rogers - things that are "unimpaired", and the market continues to panic, that will set you up for great opportunities. ORH may become a good example of this is it comes down more from here. Let them panic, its not impaired. Coca-cola is not impaired either. The dividend yield is now over 4%. Not the lowest P/E but its not impaired.
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