RE: Market value/versus capital spending/versusreahuqja...not to add more fuel to this bon-fire but there are 426 orders on the sell trigger and 25 on the buy...the chart picture is not good either the MA is in a slide mode with a widing gap between the 40 and 20 day moving averages on all the charts DAY, WEEK and MONTH.
I like OPC have owned it in the past ...so I am not bashing... when things turn around for the over all market I'll be in there again... but this bus ride down hasn't stopped... if wish I saw something different in the charts...where maybe a momentary up here but that's all it will be...I am sorry to say.
If you have OPC at around book keep it don't sell... it will come back in time...but getting in here now... I don't know?
The next two credit problems are coming in about 6 to12 months from now and that's not going to help at all...problem (1) the Commercial Property bust... these mortgages were better vetted... but there were some mortgages that were given to strip mall development with one tenant...and the coming US recession will put pressure on businesses who rent or lease to fall...then in about the same time frame usually near the end of the recession credit cards will blow-up. But that's a good sign because the recession is nearly over by then.
Early 2010 we should be out of this mess...I hope.