Oppenheimer Shares Are Undervalued

Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY)

Oppenheimer Holdings Inc. (NYSE: OPY) today announced that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to 530,000 shares of the Company’s Class A non-voting common stock, representing approximately 4.2% of its 12,636,523 currently issued and outstanding shares of Class A non-voting common stock.

John Stoltzfus, Chief Investment Strategist, Oppenheimer Asset Management Inc. offers guidance in his newsletter on 5/26/2020-“ “A short list of thematic ideas could include: leisure (videogames, sports, entertainment), defense (military equipment), cyber security, alternative energy, ESG companies, environmental solutions, electric automobiles, artificial intelligence (AI), solutions for manufacturing and services, E-commerce, IoT (internet of things), big data, autonomous vehicles, and many more.” Source: https://www.oppenheimer.com/news-media/2020/market-strategy/5-26-2020-market-strategy.aspx

Positive trend for the stock- Earnings grew by 48.3% over the past year,  trades at 18% below its fair value, and pays out a reliable dividend of 2.28% for shareholders.

26.26%  % of Shares Held by All Insiders

46.58%  % of Shares Held by Institutions

63.16%  % of Float Held by Institutions

132 Number of Institutions Holding Shares

 

Our Top Stock are  Walmart which is so undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL ) with upside of $1000.

 

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CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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