3SOF

Now it is OFI's CEO filing a form 4 saying he sold 44,000 of his shares over the last three trading days.

But that doesn't change the fact that OFI is still an $85 M market cap company with calendar 2007 revenues expected to come in somewhere between $250 M and $270 M. Calendar 2007 EPS will probably be something like $0.50 - $0.60, or more. I consider OFI to be more than 50% undervalued at this point.

Anyway, you need to remember that, for example, the CEO still holds 234,650 shares. That's more than you do

I'll keep holding OFI.

OFI can represent another personal scream of independence, as I thought differently from insiders (especially the CFO who sold all his shares) and the market, at least yesterday, said: "you're right David, the CFO is wrong".

The CFO probably has some option compensation plan that will give him some more shares at a cheap price, of course I won't cry a tear for him.

I keep seeing OFI between $10 and $15 in 2007 and I'll keep holding for that outcome.

Insiders are still selling and OFI needs some more consolidation around current levels. That's fine by me. I'll keep holding the stock.

Reports yesterday show the CEO selling just 6,100 shares, so perhaps insiders already satisfied all their personal needs, like buying a new house, car and boat, for example.

With insider's sales out of the way, OFI should reflect the fundamental improvement and start a bull run that will take shares towards the $10 - $15 level still in 2007.

This is my expectation, I'll keep holding OFI.

Insiders keep selling and probably institutional investors keep buying, as there was an SEC file out on February 16, 18:57 ET saying Harold Estes, a director, sold 63,403 shares at prices between $5.73 and $6. Don't you feel sorry for him, he still holds 1,532,250 shares, or 10.03% of the company

Maybe his plan is to keep 10% ownership and he's done selling.

Anyway, as I wrote previously:

QuoteI expect EPS for the next 12 month period on OFI of $0.67 (it was $0.39 for the past 12 month period), the average earnings multiple of the Processed & Packaged Goods industry is 22.52, so OFI should rise to $0.67*22.52 = $15.08 to be valued at average.

I'll keep holding OFI.

Nothing new on OFI. The company will make a presentation at the Roth Capital Partners 19th Annual OC Conference on February 22, 2007 at The Ritz Carlton in Laguna Niguel, California.

That's tomorrow, it will be nice to hear new things about the company. I'll continue holding OFI.

presentation link:

http://www.overhillfarms.com/PDFs/Overhill%20Farms_07_Roth_2.20.07.pdf

highlights attached



cheers
O.

Thanks for the link La-Onda

The presentation talked mainly about the past and has nothing new. I'll continue holding OFI.

OFI had its $1 correction to touch support, time to move up to new highs now. This is a $96 M market cap company with more than $250 M projected annual sales and a forward earnings multiple of about 10. It should and will probably double throughout 2007.

OFI is still going through a low volume correction, since it was up about 100% in just one month or so. I see the bull trend continuing throughout 2007, because fundamentals still show a stock that is undervalued by more than 50% when compared to its industry peers.

OFI's correction is accelerating on the downside. The market cap is now just $88.8 M. The company had sales of $167 M for the past 4 quarters, and EPS of $0.39 over the same period. The trailing earnings multiple is 14.9, but we already know there will be strong growth throughout 2007, as the company added a big new costumer that will bring in about $43 M in revenues just in the first year of the agreement.

I believe that if I hold the stock through the ups and downs, I'll have a 100% plus profit to show by the end of 2007. I just need strong hands.

I'll continue holding OFI.

Perhaps I shouldn't sell OFI, since it is in the save food sector and is already cheap. But I fear a multiple contraction and general market bearishness will take good and bad stocks down.

However I'll try to sell OFI on a rally today (maybe closer to $6?) and I'll be looking to buy it back somewhere in the future.

If anybody is still holding this it appears that Harold Estes is no longer a 10% owner and (according to Scottrade's SEC filings) had a little over 1 mil shares left at the market open today..However, he had a planned sale of half a million of these and has a planned sale for another .115 mil on March 7th...

Does anybody on this board have any incling as top why all the officers and directors seem to be liquidating (all) their stock (and quickly)? I was under the impression that this was one of the safer picks

Well heck, I've got nothing (else) to lose tonight, please indulge me by listening to my evening ramble...

Yea...Even the secretary just hawked all 5k of her shares...It's just a little funny that the stock doubles in what about the last 6 weeks and everybody's running for the door... Yea, check it out...It's information that appears in my Scottrade account under "insider" info.

I can think of two scenarios... The first and the scariest one is that THEY KNOW SOMETHING WE DONT KNOW.... Perhaps they know that they will not be successful in refinancing and may have to dilute shareholder value..I have to ask, would any of them care if they did at this point? Maybe they all hate Vernen, CA so much that they just want to cash out and split...That wouldn't be a good thing either.

The second scenario that pops into my mind is that perhaps they all knew that Estes was going to dump the MOTHERLODE in weekly installments as he's been consistently doing, and they all agreed to an organized exit strategy-- I like to call it the "let the shareholders feel the panic --not us-- strategy".

I read somewhere that the parent company named Treecon (an unsavory OTC traded stock that changed it's incarnation everytime the SEC investigated it, always getting the charges dismissed, but still through some sort of smoke and mirror campaign able to instantly increase it's value by 6 fold), which Estes used to be on the board of directors of and which still owns Texas Timberjack Inc that Estes is currently president of, owed Estes a good deal of money on an early contract....Perhaps Estes is finally getting the ability to cash out on this contract from Treecon via the OFI stock that they gave him instead of cash.... I'm pretty sure that he lives in TX and it's my guess that he's more involved with being president of TTI than in being director of OFI--another reason why he may want to liquidate.

I prefer to entertain the latter scenario because once he (they) run out of shares (I think the finance guy was the first to completely liquidate), the stock value will be able to increase and, since I'm still in OFI, I don't want to lose any more money this week

Please feel free to tell me to shut up if you're hearing the shrill/shrieking of a conspiracy theorist rather than the canary's song coming up from the coal mine.

And yes, I am a little crazy, losing $$ does that to me

My question is, in spite of all the massive insider sells, who is buying? The stock never really fell that much and why?  I bought and sold it several times and today's action makes me want to get back in.  Maybe I'm the one who is crazy?