Odyssey Re Holdings Corp. (ORH)
The Company is an underwriter of reinsurance, providing a full range of property and casualty products on a worldwide basis, and an underwriter of specialty insurance, primarily in the United States.
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moneycentral rated: 10, navallier rated:A
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will underperform as it is currently trading above buy-out offer. Even if buyout offer increased (which The Street seems to be anticipating) I suspect there will be a continued delusional buying spree in the wider market pushing the S&P higher faster than ORH.
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1/17 in Reinsurance -(71.3 @ B/B+)
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S&P is headed farther south. That makes a group like these guys a safe place for the short term. IF there is the miracle of a turn around that materializes (which I think has about a 4% chance in hell...) they'll do even better. I'm in on these folks because I think the market has a few more dips to go... like 6000 for a bottom???
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below book, attractive P/E, profitable
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Another great insurance company. This company is 60% owned by FFH. What I like about this play is that FFH and it's team are overseeing this company, and making investment alongside each other with float. I see FFH also using ORH's free cash flow to aggressivly repurchase ORH stock due to the combined effect of an increased balance sheet in both companies and no tax liability.
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Found this company under the insurance tag. Sell all property insurance and casualty stocks, or see your portfolio bcome a casualty! Warren Buffett is negative on the sector and that's good enough for me. Financial sector s--t has to work iits way through the whole goose.
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buy and hold
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i feel that this stock will fall because it has not grown in sales nor in income. it will probably come back up next year, but for now it will fall.
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Don't let the recent share offering sale by FFH of 9m ORH shares scare you away from this long-term pick. Bought in my own account on the dip to $22ish and still holding. I would add on any 5-10% pullback from here but close enough to make it a thumbs up pick with the pullback due to the offering. Still cheap on a p/b basis and relatively better mgmt of underwriting risks will help them do well longer term.

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