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who loves Oppenheimer (OPY) smoky does!
financial stocks Oppenheimer (OPY) looks cheap
OPENPAY (OPY ) Squeeze Very Likely Considering the chart.....
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Wall Street smells an opportunity in the chaos over President Trump’s tariffs. The Supreme Court’s tossing of Trump’s sweeping tariffs last week kicked off a scramble among business leaders to sort out what might come next—including how they might claw back the levies they have been paying to import goods from around the world. Some businesses don’t want to deal with the mess, and are opting to sell the rights to any refunds they might be due. Investment firms—anticipating that the court wouldn’t side in Trump’s favor—had already been buying up rights to tariff refunds from businesses in recent months. Prices were around 20 cents on the dollar before the ruling, then jumped to about 40 cents afterward, according to brokers involved in the trades. “The question is, do you sell at 40% or 45% now, or a little more if the market changes, or do you hold out for the 100% down the road?” said Neil Seiden, managing director of Asset Enhancement Solutions, a financial advisory firm. Seiden said he has brokered a handful of tariff claims with a total face value of $20 million for companies selling items including Christmas decorations, pharmaceuticals and imported foods. Investors are generally looking for claims that are around $10 million or more, he said, meaning smaller businesses might have trouble unloading their refund rights. The biggest companies, meanwhile, can foot the legal bills and will be more likely to wait for big payouts. The prospect of tariff refunds is the latest opportunity in the world of claims trading, where investors scoop up rights tied to everything from tax refunds to bankrupt companies. Hedge funds rushed to buy claims of the collapsed crypto firm FTX, for instance, and scored big paydays picking through the remains of collapsed bank Lehman Brothers. With tariff-refund claims, investors are capitalizing on the uncertainty businesses and others face about whether they’ll ever be able to cash in—and how long it might take. In its ruling, the Supreme Court didn’t weigh in on whether the government would have to pay refunds on the tariffs, which total more than $133 billion. But more businesses have been filing lawsuits to get their money back. And the jump in prices for claims after last week’s ruling reflects a belief among investors that companies are increasingly likely to get refunds, even if the process takes years. Among the investors that have purchased claims are King Street Capital Management and Anchorage Capital Advisors, which each manage roughly $30 billion. Another was Fulcrum Capital, an investment firm that specializes in special situations and distressed-debt investing. “We felt very confident that the Supreme Court would rule in favor of the tariff payers,” said Matthew Hamilton, managing principal of Fulcrum, which he said is in talks to purchase more claims. Wall Street investment banks including Jefferies JEF 0.80%increase; green up pointing triangle, Oppenheimer OPY 3.69%increase; green up pointing triangle and Stifel have taken to coordinating these trades for a fee, matching businesses looking to sell rights to their refunds with buyers. The market remains small for now, but interest has been picking up, according to brokers and others involved in the deals. “Many of the buyers that were sitting on the sidelines previously are now involved,” said Bradley Max of Cherokee Acquisition, a claims-investment firm that started offering companies 30% of the face value of their claims after the court ruling. Gregory Husisian, of the law firm Foley & Lardner, said clients who had previously declined to consider such transactions are now reconsidering. He said there are several legal mechanisms by which companies could get refunds. Many companies are filing claims seeking refunds directly with the Court of International Trade, he said. In some cases, investors are covering businesses’ legal fees, as well as the rights to their refunds, according to companies that have sold tariff refund claims. The importer still has to ask for the refund directly, not the investor, the companies say. Salvatore J. Stile II, founder of a customs-brokerage firm, said that some businesses are holding out for higher prices for their claims. An executive at a footwear company told him it expects 75% for around $20 million to $30 million of potential refunds, he said. Plenty of other businesses are set on getting back their full refund—potentially with interest. That is the case for Vickerman, a seller of seasonal decor. The Minnesota-based company paid roughly $3 million extra in tariffs last year compared with the previous year, according to Randy Schuster, its chief executive. “We are not currently motivated to sell any interest in those potential refunds, even if the process takes several years,” he said. Vickerman added a tariff surcharge to customer invoices last year. Schuster said the company plans to pass along any refunds it eventually gets back to customers.
SMCI CRDO OPY and NVDA keeping me green today so far
Try HMNF that one's at the low. Going to be sold for 27 but OPY is the best still even here
Smokey says hold OPY going to the moon
oppenheimer ( OPY) get in today $43-$44
so cute OPY is famous
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Investment banking/Financials- $OPY Lumber/Building Materials - $RFP Testing and Packaging of Semiconductor/Chip Services - $AMKR I have moved a ton of my portfolio out of the S&P and NASDAQ in favor of boring, smaller, healthy, and avoiding flashy large cap tech
Well earnings in the sector are so strong next Friday OPY will be 58 at the end of January it'll be 68 look for 240 a share this quarter and 940 a share next quarter That's another $12
You're going to like the review of OPY this weekend on seeking alpha take a look like I said it's definitely worth at least 90 just be patient
Both shorts are working OPY will be at the years low Monday and then straight up
IB has 100% margin requirements for OPY
Can't buy much OPY on margin
OPY doing nothing other than moving sideways. Wish I'd bought more JD like I wanted. Up yet again today.
OPY at least doing *something* today. JD popping off though. Wish I'd sold all my OPY and bought more JD like I wanted to do.
If you bought a 3760 now they've earned another $8 after this month so it's exactly the same price if you were so confident and then not sure why you wouldn't even be more confident now cuz it's worth even more it's Morgan's price keeps rising at 104.5 even if they only pay you 0.75 shares that makes OpY worth $7 8 plus but he's in they can pay $100 to get them we're in a crazy world and even if the market continues to run up or we have a 15% correction either way OPY is going to have the biggest percentage game you just have to remember that it's up to 200 percent in a short period so they're obviously are insiders getting a lot of stock for salary and that also actually hurts their earnings by over a dollar the last quarter and if you take out management salaries they really are almost $5 just last quarter that's $25 for real earnings power in one year so the PE is under two if they sell and the market holds anything like this which obviously is insane cuz they could buy a half their stock back this year and then they have next year in that case and then they can earn over $50 a share have you ever heard of a stock trading at a PE of one two or three growing earnings at 75 to 150% I don't think so this is just such a no-brainer Don't overthink it Plus the dividend again will be a special and the worst case at the end of the year of $2 which gives it a 8% yield plus
OPY, sitting at 45 but the cash holdings alone should have it near 60. I think fair value within a year closer to 70-85 per share
A lot of these smaller companies don't have too many shareholders but many of the shares are probably held in street name so they're probably are several hundred but close to a thousand since the insider insiders own over 50% and a few employees probably own another five or 10% that have been there 20 or 30 years the stock really average 25 for 20 years so they're finally making money some of them obviously will sell here especially the older ones but most know the business and OPY has made it fair and still not bear did no Lehman did not so now they can clean up they paid their dues Oh I disagree with that it's up from 15 just a few years ago and you never had to take the downside risk of a lot of these other bubble stocks downside is always the most important and never see this thing below 44 again and you will see it at 84 That's good in my book and I'm sure they'll pay at least a $2 special living at the end of this year if they don't sell so the total return will be at least 10% for the next few years just from dividends again with zero downside That's as good as you can get like anything else it's all about what price you pay
OpyI had another great quarter definitely better than every other financial firm out there much better than Riley much better than Piper much better than Morgan with Morgan stock the only one at a new high it makes sense for them to buy OPY it's like buying them basically for nothing OPY made a lot less this quarter in trading and they definitely take the least amount of risk and are the least leverage of all these firms The fact that they didn't buy any stock back again when it's 20% under book they should be buying it but I guess he wants to buy it only at 30 or 40% in the book which I can't blame him if he wants to wait in case we get a crash but I would still stay short c a r v this is a home run and keep buying o p y in the low 40s the buy out price could be as high as 80 but anything under 45 is a steal anything around $4 0 you add on margin about the cheapest I've ever seen a stock in my 40 year career trading at it to pe or just over 3 if you take out the top 10 people salaries the PE is two does that really make sense no it is by far the best buy in the market that is liquid and buy them raising the dividend and a teeny bit is just noise but the fact that they didn't offer a special like $5 dividend or something means I think something is up their sleeve if it's not a sale it's going to be something positive definitely within the next month or two by the end of next quarter they'll have close to $350 million sitting there they could buy back almost all of their float and double their earnings basically to $30 a share That's about as clear as I can be buy and hold it and you will be rich right now you are getting returned a 26% plus annual growth rate on the book value anyhow really can't beat that even if it gets cut in half if the market goes way down 13% would not be bad 5 years ago we never even would have thought that was possible and then the stock was worth 40 then so obviously it's worth 80 day today the guy is smart he'll do the right thing
JPM down today on big earnings best on increased deals. No sign of making a deal with OPY. OPY down again too -- much further from its ATHs than pretty much any of the other bank stocks.
OPY is a buy period today at $44.75, at 43 back in on margin, let all "shorts" ride market is going to break for 10 days, CARV 'Short" over $35
About 27%. Felt like a genius in January, a moron most of the early spring. Okay late spring, and have seen a very strong few months since then to get there. Did mostly mid caps swing trades alongside holding blue chip mutual funds. Working on accumulating enough shares of a few small caps for covered calls, while also keeping exposure to large cap value (not the apples or berks or JNJs) Allocating about 5-15% of total portfolio to OPY, hoping that will keep the ball rolling when the rest of the market levels off/turns south. Based on what I’m looking at it’s extremely undervalued and trading at below what it’s worth for reasons other than the future value of the company as of recently. Trend is ugly right now but I’ll roll more in when the trend reverses. Also total gamble but GTII I threw just under a grand at in hopes that the NFT dividend will help to trigger a short squeeze, so far one 50% day but overall that is a GAMBLE and probably not worth your time or money, could be a nice 10-20 bagger though if all shorts were forced to cover.
Remember they're returning 22% plus on equity right now could go up to 25 or 26% so if this lasts more than another year it just gets that much cheaper every year and limits to downside again I would probably keep a few shorts on if MS goes up every day eventually OPY will catch it MS is now a well over two times tangible book so OPY could actually get $90 a share or more there was 18 IPOs just today The most ever I think in about 15 years and the most in this quarter in a very long time they couldn't honestly earn 3 4 or $5 this quarter with the market this high who knows they can really print money here I wouldn't even be surprised if they earned the $5 and at the end of the year if the market stays anywhere like this they can earn $10 and at one quarter we'll see news I'm sure well before then but this is still the best stock in the market today risk reward.
The market I believe is basically broken for many stocks The action is just totally insanity I've never seen anything like it other than maybe the internet bubble in 2000 either way OPY basically was cheap 3 years ago at 30 so at 50 today and earning $15 since then now that they're earning power is double it's still cheap it's definitely a 70 or $80 stock it's just depending if it's this month or a year from now but I would be afraid to own anything almost anything and I'm starting to short a lot today
MS after the close showing how much cash they have also makes no sense for them to buy back their stock at this level at two times book when they can buy OPY I wanted to have book and add to earnings this could be the week buds wealth is booming and he was 3 days from going out of business when Bear Stearns went out of business just 13 years ago now he can get 350 million dollars in his pocket this would be hard to pass up he knows the market top could be now or it could be a year from now but once he sells that would be a great sign to short the overall market as well I would definitely keep a couple shorts on here but let OPY ride at least for this week and maybe sell half at the end of this week and if nothing happens then get back in in the fall or have a few way out of the money options for a couple months out The price definitely could be over 80 so that stuff in the way to play it but net net only the stock here at 50 and change is a steal once he gets to 5560 and no deal then lighten up a little bit each time it's going to be a trading stock now around your corporation unless a deal happens in the next three or four days deals rarely happen in the summer they could possibly wait till they report earnings next month but everybody knows what the earnings are going to be another $50 million dollars in their pocket That's a lot of cash for him to sit on and but isn't going to buy anything at this kind of prices to me he's still the cheapest stock in the market with the least amount of risk on the downside and still gigantic upside is a few small bank deals seeming to happen every week at good prices but we're running out of ideas there's a couple left but not many and it's hard to get size o p y you can at least get size enjoy the 4th
OPY doing nothing but sucking lately. As long as Bud controls all the voting shares, this company will never be priced fairly. I have patience but my calls options don't.
i think i'm just gonna chill for a bit. a buyout seems logical when banks are flush with cash and have nowhere to spend it, but logical doesn't always mean it *will* happen any time soon. OPY is pretty much flat for the month after Thurs/Fri sell-off. don't want to risk buying short-term calls just for the stock to stay flat before the next pump.
Riley had really good news this morning with the spac doing maybe they could even buy OPY either way open Opy 65 soon
Video now up on Yahoo of OPY biggest breakdown in 15 years
OPY, my good old boomer stock, did great shit today. Up like 7% or something.
With Morgan Stanley stock at double book now it's just a no-brainer for them to pick off OPY basically for free and a text free exchange with all of buds stock with his family etc he probably owns over 50% anyhow so it's whatever he wants to do but I doubt he'll pass up this opportunity and you never know what biden may do really not much to buy in this kind of crazy market other than something like this anyway in the worst possible case you know you're getting another $5 special dividend sometime this year so making the yield at 12% is fine by me with almost no risk
Just don't forget also if Morgan Stanley buys them their stock is that two times book when OPY is only at book value so they could easily do it even stock swap and Morgan will really only be paying around $50 a share even though the price would be 90 because their stock price is worth double on the stock would at most come in say $2 so if Opy sells out to Morgan look for at least $87 a share this month I would say it's better than 50/50 it happens and the insiders are never selling anymore there's quite a few long time insiders while I don't like the fact that two guys sold a bunch there are hundreds of others that haven't sold any shares which is kind of strange last time it got over 30 they sold 10,000 share block right away Fair value either way is minimal of $70 to share cash to almost anybody but to somebody like Morgan the price would definitely be closer to 90 or higher if the market continues to rise this is the ultimate time to sell and I doubt Bud will miss the chance The stock it trades at a PE of four when Morgan has a PE of 9 10 11 or 12 depending on how it plays out this year pe of 4 in this market does not make any sense in this type of bull market what stock trades at book value went in three years you can get all your money back if the market stays anywhere near this level which obviously I doubt it will but it just does not seem to ever go down either way at the end of this year they will have over 30% of their market cap in cash and book value will be well over $50 a share
Looks like OPY is going to make another run what do you think lots of option trading lately it's been too quiet that has to be a buyback or an inclusion to an index or a huge special dividend or a sale something's happening get on board I would say fully today at least told for the next month
I’m currently holding some OPY because all the numbers seem to indicate that it’s undervalued and likely to steadily climb. These last two weeks have hit it hard, but I’m hoping it’ll recover and be on the rise again soon just like its numbers seem to suggest it could.
Congrats if you made some good dough on them! I'm in OPY in a big way, too. Buying OTM Sept calls whenever I get a chance
You're a legend. && Yellen now saying that rates may have to rise to stop economy from overheating. From what I understand, OPY can make up (some of? all of?) the difference from fewer investment banking moves like SPAC deals, M&As, etc.
Hey amigo, it's been a pretty big "sell the news" event post-ER. Cashed out of my short-exp options and holding a few cheapy longs. Still holding shares as well. When looking at OPY's price action in 2008, I'm a little concerned of the effect a sudden market downturn could have on the SP.
Good day to be an OPY holder, friend
OPY. I wrote about them before, so you can check my submissions. I'll be brief: banking and market making stock with historically low PE, record EPS, huge growth, in an environment where MM stocks are making huge earnings from trading activities and IPO underwriting, which is their bread and butter.
Oppenheimer Holdings Inc. - OPY. Selling for less than book value and revenue; net income up in the hundreds of percent; P/E under 5; stock up 136% in the past year; should be another blowout ER year on year (should be released in the next two weeks).
CNBKA takes today 25% pop OPY next!
Oppenheimer (OPY) is similarly a good one. See previous DD posted (not my own). 1. [https://www.reddit.com/r/investing/comments/lfdxtn/an\_excellent\_opyrtunity\_in\_a\_small\_cap\_finance/](https://www.reddit.com/r/investing/comments/lfdxtn/an_excellent_opyrtunity_in_a_small_cap_finance/) 2. [https://www.reddit.com/r/investing/comments/lp118k/oppenheimer\_opy\_part\_2\_not\_just\_undervalued\_but/](https://www.reddit.com/r/investing/comments/lp118k/oppenheimer_opy_part_2_not_just_undervalued_but/) Growing revenues and EPS y-o-y. Extremely undervalued by almost any metric - It's trading at less than half of its historical P/E ratio, as well as at a PTBV below 1.00 (i.e., below the value of its actual tangible assets). On top of this, they're trading at a much lower P/E than competitors like Cowen, Piper Sandler, etc. Low debt, share buybacks and low float - if it catches on it could move fast. Not financial advice.
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Sorry man, misunderstood your post. Lack of punctuation kind of makes it hard to process and I'm responding to a lot of posts ATM. I agree OPY is an excellent stock. Really happy I picked it up when I did -- it's up almost 15% from when I bought in.
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None of the companies you mentioned are undervalued. As for your question, OPY, insurance companies, etc. are all pretty undervalued
>Something is severely off if the company were to literally have a PE of 3. Happens with cyclical stocks all the time, and the market is pricing in the belief that mortgages peaked in 2020. MU traded with a PE of 4 (I believe) a few years back. OPY's PE was less than 4 just shortly ago, and it's a banking stock with a history of growth.
They traded sideways for years but now they've almost doubled since Jan 2020. Wild times! Their P/E is low like OPY's too but they seem to have a lot more momentum
No they've been trading sideways for years. Just investment banking space. Secular trends in IB over the past year or so have just boosted OPY and COWN. COWN does a lot of underwriting for very niche markets so they have a competitive advantage there. Other great banks are First Republic Bank , Silicon Valley Bank, and Western Alliance Bancorporation. But they are so fucking expensive now.
Assets have everything to do with the D/E ratio -- how else could you calculate shareholders' equity? Besides, OPY has more short-term liabilities than long-term liabilities. The short-term liabilities consist of payables to brokers, customers, etc., whereas these are offset by receivables from brokers, customers, etc. It's not quite the same as their long-term debt, which is in fact quite low. There's no reason these liabilities should factor into the D/E ratio *twice* (once as shareholder equity, involving liabilities being subtracted from assets, and again as the numerator to be divided by total assets). This is why many people, organizations, etc. define D/E as [long-term debt](https://www.morningstar.com/InvGlossary/debt-to-equity-ratio.aspx) rather than also including short-term debt. >I think you have to take a step back and ask why this company looks so cheap. Hence why I've included this caveats in my initial post as "risks" ;) >What is a catalyst that is different from the past that will cause them to rally? I'm assigning more weight to P/E and historical P/E than TBVPS in this case. I still think they're undervalued, in spite of all of the risks I've listed.
OPY is a market maker as well. I’m not sure exactly, but I assume that the commissions come from brokers who do not engage in market-making activities. The CFO *did* mention the positive impact of retail traders on their revenues.
We own COWN. Take a look at company. OPY is trading below 3x Tangible book value per share, even lower than COWN. Looks great at a price that like.
[https://www.stockoptionschannel.com/symbol/?symbol=GME&month=20220121&type=put&contract=0.50](https://www.stockoptionschannel.com/symbol/?symbol=GME&month=20220121&type=put&contract=0.50) I usually do not trade options, so I hope someone experienced can tell me, if my conclusions make sense. Does somebody have an idea, why this options were top on February 1st? I guess nobody sane would bet on GameStop going bankrupt now, with the new management in place. But then the date is a year from now... somebody who bet on GameStop going bankrupt rolling over big time ? Any other explanations and what could be the consequences for the GME stock/possible 2nd squeeze ? Or did I just get it all wrong ? [https://www.stockoptionschannel.com/article/202102/noteworthy-monday-option-activity-aspn-gme-opy-aspn-gme-opy-OPY02012021note.htm/](https://www.stockoptionschannel.com/article/202102/noteworthy-monday-option-activity-aspn-gme-opy-aspn-gme-opy-OPY02012021note.htm/)