might go back to $10.00
I've been watching ORI and it seems to be the main contender for "market darling stock of the moment" - sure a great company no doubt about that, better management now ...now doubt about that ..... but the share price seems to have lept well ahead of results .
2001 - $4.0 ....---> 2003/4 $14.00 .
This reminds me of some other great companies CSL, COH , NCP all great companies .... but all now about 50% off the highs they achieved when the market "really loved them".
Ask any one in the mining industry ...the explosives bus is really competetive ...and hard work . ORI has the label of one of the largest explosive suppliers in the world ...well one of their beach heads in the USA ain't doing so well ...... and thats where a lot of their future growth was going to come from.
I think the market honeymoon on this stock is over for a bit and we could see the $10.00 mark being breached .
ORI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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