The chemical and explosive business has been a quiet achiever over the last nine months, aided by a solid report in late May. This report showed ~10% in earnings, driving the stock to fresh four-year highs. The stock’s 2.5% unfranked yield isn’t overly exciting, but it is trading 5% below its historical 5-year average P/E, which we believe is cheap considering its recent results.
- We like ORI from a risk/reward perspective back around $17.50, or only 2% lower.
NB ORI is in our Active Growth Portfolios Hitlist.
MM is bullish towards ORI
Add To Hit List
