On January 26, 2018, I wrote an article titled: “Owens & Minor, Inc.: Irresistible Yield, Irresistible Valuation” where I offered the company as an extremely undervalued Dividend Contender research candidate. I also pointed out that the company was in transformation. However, I underestimated what that transformation meant, at least over the short run.
I also pointed out that Owens & Minor was a reader’s request, and I quote: “Recently, I have had several requests to write an article about Owens & Minor, Inc. (OMI). I had not looked at this company in a while, and boy oh boy, was I surprised at what I found. Owens & Minor is on the “Dividend Contender” list produced by David Fish. Owens & Minor has raised its dividend for 20 consecutive years, which leaves it only five years away from “Dividend Champion” status. Therefore, I consider Owens & Minor a classic dividend