Author Topic: ORI - Old Republic  (Read 7484 times)

Dalal.Holdings

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Re: ORI - Old Republic
« Reply #30 on: October 22, 2020, 07:11:40 AM »
Earnings look tip top...


thepupil

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Re: ORI - Old Republic
« Reply #31 on: October 22, 2020, 07:39:57 AM »
Averaging up.


thepupil

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Re: ORI - Old Republic
« Reply #32 on: November 10, 2020, 10:06:37 AM »
approaching 0.95x.

Spekulatius and others, curious as to how you all are thinking about this company in relation to others / the portfolio. I see it as a relatively safe, 0.8x-->(1.2-1.4x) re-rating + positive carry "trade" (which may take 1-5 years), but then intend to keep a quasi-permanent position in small size. In 2018, this got to 1.4x. It's tough for me to see much beyond that, but also tough for me to think this should trade at book given the heavy title exposure and that division's very high ROE.

I have not trimmed and have only added since purchase. Just curious what other see as the upside/ceiling/whether people view this as a 5+ year hold or something else.

Liberty

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Re: ORI - Old Republic
« Reply #33 on: November 12, 2020, 07:32:55 AM »
Harris acquired Commerce Decisions from QinetiQ (U.K.)"

"a market leader providing software and consultancy services to enable some of the largest and most complex procurements around the world."

"Acquired by QinetiQ in 2008
8.3m revenues
10m purchase price"

"Founded in 2001
96% customer retention
240k individual users
Focus on complex procurement"

https://commercedecisions.com/

h/t @pearnick

thepupil

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Re: ORI - Old Republic
« Reply #34 on: December 18, 2020, 09:20:18 AM »
https://seekingalpha.com/news/3645794-old-republic-declares-1_00-special-dividend

$1 special divvy (5% of stock px, 6-7% of when Spek highlighted this bad boy).


Dalal.Holdings

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Re: ORI - Old Republic
« Reply #35 on: December 18, 2020, 09:35:56 AM »

Spekulatius

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Re: ORI - Old Republic
« Reply #36 on: January 15, 2021, 09:11:47 PM »
I just noticed the cash from the $1 special dividend in my brokerage accounts and noticed they also wrote a dividend letter explaining their thinking:
https://ir.oldrepublic.com/news/news-details/2021/Old-Republic-Special-Dividend-Letter-To-The-Shareholders/default.aspx

In short - it is all total return..
Life is too short for cheap beer and wine.