Opportunity in Oppenheimer? - Derek Pilecki

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Opportunity in Oppenheimer?
Jun 25, 2008 07:57 AM UTC

Derek Pilecki

Return	Risk
+17.85%	MID

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Symbol	Sentiment	Start	Return	Closed
OPY		06/25/08	+16.15%	--

Via Long Investment Ideas from Seeking Alpha:

Oppenheimer Holdings (OPY) is an interesting stock here. It trades for only 4x its earnings power. The company is a good stable business consisting of mainly a retail brokerage with 2,000 financial advisors. Management runs the business conservatively. The stock has been pummeled recently due to an earnings miss in the March quarter caused by a recent acquisition of CIBC’s institutional business. Last year, Oppenheimer earned $5 per share, and we think the CIBC acquisition could add $2 in earnings power.

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