OGC : Long Term Buy – Target 70-75, within 18-24 months.

Ocean Glass, (OGC) is a darling of value investors, or at least it used to be. With very low daily turnover it is not worth to trade it for short term gains, but a buy and hold it is worth some consideration in our view.

Currently trading at 46.50, it should hit 50 in the near term, and on to 58 before too long. We think it will rally past its long term and primary down trend line at 68 (and falling) late this year or early next, with 70 to 75 a valid target for an 18-24 month buy and hold.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: