Orix Shares Trading Up
One of my favorite companies in terms of return that it has got me thus far, ORIX Corporation, NYSE: IX is trading up almost 27% today on clear indications of short covering. Orix Corporation, headquartered in Japan, has operations all over the world including the United States is mainly into leasing, corporate finance, real estate finance and development, life insurance and retail banking.
Orix USA, is Orix Corporation’s subsidiary in the United States and heading its operation in the US is Jim Thompson, ORIX CEO. Jim Thompson has been with ORIX USA since 1991 and has been in charge of the US operations since 2004. Some of the main services that ORIX USA offers are direct corporate lending, investment in capital markets, merger, valuation, acquisition and restructuring advice. Orix USA main focus is its corporate finance activites as Jim Thompson Orix CEO mentioned in a press release a while back when ORIX USA was looking to sell its commercial mortgage business in the US.
Orix Corporation is expected to announce its earning announcement later today, 2:30 pm to be exact and I for one would be eagerly waiting to read it.