OBCI
This week I have been acquiring shares of OBCI under $4. here's what I like.
1) Admittingly q3 was disappointing but expected thanks to the hurricanes, I believe earnings will be solid in q4 say around .08-.10, which will put full year earnings around $0.35 or so. And we know the hurricanes cost them this year as well.
2) OBCI will benefit from the tax plan so hello 20% boost in earnings on that alone in 2018, plus OBCI has impressive growth plans, and assuming we don't get hit with two category 4 hurricanes to make landfall in their main selling season, I think earning could be about .55-.60 in fy 18.
Conclusion: I think OBCI is a good growth story who is selling near recent lows thanks to the short-term obstacles of two category 4 hurricanes hitting in a quarter. The tax plan helps this company as well, and there outlook should be well in tact in the long run. I think this stock could easily trade at 12-15 times in fy 2018, which could get us to $7-8 in 2018. Time will tell. All is just my opinion, and I could always be wrong though.
