I added more shares to my portfolio with the purchase of Owens & Minor Inc. (OMI)
95 shares @ $15.17 on 8/15/2018.
This increases my forward 12-month dividend income by $98.80 to a total of $6,111.14
I also updated my portfolio page to reflect the change.
So let’s go over OMI stock review. I first bought shares of OMI at the beginning of the year at a price of $21.95. I also bought more shares when it dropped from $21 to $15.37 and $16.37. After that point, the company saw a gain of about 19.6%. It was at fair value territory by that point.
Once earnings were reported, OMI stock saw a 21% price decrease in just two days. The company missed expected earnings of $0.46 and they lower their future earnings outlook.
I saw this as an opportunity to add more shares. So I fully took advantage of this selloff.
Here is an OMI stock review that I released on my YouTube Channel.
FastGraph has been updated with the new future expected earnings. You can see that the company is still undervalued even with the lower future guidance.
What do you think of the company? Plan on owning it? or why not?
Image by Sira Anamwong at FreeDigitalPhotos.net