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Old Republic International Corporation Message Board

  • wallstreet41 wallstreet41 Mar 19, 1999 4:31 AM Flag

    so, anybody know when this "great stock"

    is going up?

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    • HOW LONG HAVE YOU FELT THIS WAY?


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    • <EOM>

    • Who knows what the status of the California trial regarding the Title Ins???

    • Wallstreet41

      What do you mean ORI is on a run? All I can see is stagnation?

    • WHAT GIVES?

    • If you want the latest research report on this
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      They have all the past reports too. I don't know about
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      --------------------------------------------------------------------------------

    • The best internet stock pick of the week
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      --------------------------------------------------------------------------------

    • Here we go...

      Fidelity National Financial,
      Inc. Continues Record Breaking Financial
      Performance
      IRVINE, Calif., April 21 /PRNewswire/ -- Fidelity
      National Financial, Inc. (NYSE: FNF - news), a diversified
      real estate services company, today announced record
      revenues and earnings for the quarter ended March 31,
      1999.

      -- Earnings for the first quarter were a
      record $20,030,000, or $.60 per diluted share, an
      increase of $2,726,000, or 15.8%, compared to earnings of
      $17,304,000, or $.53 per diluted share, for the first quarter
      of 1998.

      -- First quarter 1999 revenue
      increased $82,061,000, or 31.3%, to $344,274,000, from
      $262,213,000 for the comparable 1998 period.

      ``We have
      continued to take full advantage of the momentum and
      efficiencies we gained during 1998,'' said William P. Foley,
      II, Chairman and Chief Executive Officer of Fidelity
      National Financial, Inc. ``The economy and real estate
      market remain strong, resulting in positive trends in
      our core product lines. Our market leadership,
      commitment to productivity and financial strength, including
      the retirement/conversion of the remaining
      $124,113,000 outstanding maturity value of our Liquid Yield
      Option Notes in February at a value of $20.70 per share
      issued, enabled us to leverage favorable market
      conditions into continued record setting
      results.''

      Patrick F. Stone, Chief Operating Officer of Fidelity
      National Financial, Inc. added, ``March 1999 was the most
      financially successful month in the history of the Company.
      As a full service provider of title insurance and
      diversified real estate services we continue to distribute
      our real estate products over the most operationally
      efficient and productive distribution network in the
      industry. Title insurance premiums increased $59,578,000,
      approximately 33%, to $241,874,000 for the quarter ended March
      31, 1999. Similarly, escrow fees reached $32,795,000
      during the 1999 period compared to $26,311,000 for the
      year earlier period. Our ancillary service businesses
      also continued to flourish. Ancillary service revenue
      for the quarter was $24,639,000 compared to
      $19,419,000 for the comparable quarter in 1998. The overall
      business environment, stable mortgage interest rates,
      order count levels and our internal measures of
      productivity remain very favorable.''

    • What are the chances that ORI will buy TGIC??

    • View More Messages
 
ORI
18.69-0.50(-2.61%)Jun 24 4:04 PMEDT