Been buying OBCI sub $3.40 over the last couple of weeks. here's why?
1) I believe OBCI Had a excellent quarter of .08 in seasonally weak q1. I expect .42-.45 for fy 19, Hence I feel FV is in the mid 4's.
2) OBCI has been a consistent grower of Revs of 7-10% basically y/y. So that is pretty solid track record.
Conclusion: I think OBCI is undervalued, and I will continue to buy on weakness, as it goes into it's seasonally stronger quarter, I think it has a good chance to pop into the low to mid 4's at some point in the coming months. All is just my opinion, and I could always be wrong though.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.