Peter_GoBlue > Trade Notes

Member since: Jan 08

Peter_GoBlue: Trade Notes

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Trade

Bought OC at 22.85

Peter_GoBlue posted on 02/04/08 at 09:22 AM (Note posted about 1 hour after the trade)

OC 18.31 +0.66 [+3.74%]
Trades \| Notes \| Blogs
Users Bought (30 Days)	0 (0%)
Users Sold (30 Days)	0 (0%)
Market Cap	2.35B
52-Week High	28.58
52-Week Low	10.05
10 Day Volume	810,000
P/E	-2.72
EPS (Trailing 12 Mos.)	-6.48

1Day 5Day 1Mo 3Mo 6Mo 1Yr

My Trade Ticket

Transaction:	Bought
Symbol:	OC
Quantity:	Not Shared
Price:	$22.85
Value:	$Not Shared.

Stop Order:	No @ $N/A
Target Price:	$0.00

Trade Note:

OC is right now near its all time low (or it was last week before it rallied +7% 2 days in a row, which I could not take advantage of due to money transfer issues). Obviously for a company whose primary product is used in house construction has been hit hard by the housing downturn. However, I am a firm believer they will bounce back strongly. It has been a Fortune 500 company since World War II. They recently emerged from bankruptcy due to asbestos litigation, and is a stronger and more organized company. Also, can the housing market get any worse then it is now? I think this is a steal for a company who is clearly in a periodic downturn.

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Peter_GoBlue > Trade Notes

Bought OC at 22.85

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