OPY is a holding company and carries on no active business. The company is engaged in the securities brokerage and trading business and offers investment advisory and other related financial services. The operating subsidiaries are engaged in a broad range of activities in the securities brokerage business, including retail securities brokerage, bond trading and investment banking-offering both corporate and public finance services, underwriting, research, market making and investment advisory and asset management services. You are investing in some one elses' ability to make money in financial services.
Other brokerages usually don't like to make recommendations or trash other brokerages in print but although there are no brokerage recommendation son the stock an analyst following the stock estimates a 16.7% growth in revenue and a 78.9% growth in EPS next year.
Over on Motley Fool CAPS the members think the stock will out perform the market with a vote of 118 to 7 with the All Stars agreeing 30 to 0. The 2 Wall Street columnists Motley Fool follows also agree 2 to 0.
Meets my criteria because:
- Hitting new highs better than 50% of the time
- No major brokerages recommending sell or trash talking
- Confirmation by other sites that the stock will out perform the market.
Recommendation: I'm adding Oppenheimer Holding - OPY to my VMSLO Marketocracy portfolio.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: I do not hold any positions in OPY at the time of publication
Disclosure: no positions