>....can anyone spell CHAPTER 11.<
Sir: If you are referring to Chapter 11, you did not
mention in which book? Can you spell Relief? and what
does it mean?
For you probably, that you should
go to the toilette, and relieve yourself while
reading Chapter 11 of SNOW WHITE, you'll feel a hell of a
analysis in Yahoo news today? Would tend to
indicate lawsuit isn't all that material to ORI's overall
financial condition wouldn't it?
S&P's comments were
"ORI benefits greatly from other sources of income,
especially Republic Mortgage Co., an extremely well
capitalized and profitable wholly owned mortgage insurer and
to an important but lesser extent from its wholly
owned title insurer, Old Republic National Title Ins.
Co. These units contribute enough diversity of
earnings to justify a two notch difference between ORI's
senior debt rating and the flagship Group's financial
strength rating instead of the usual three notches."
Preceptions, preceptions, preceptions. The stock
has gone down because the industry as a whole has
gone down. ORI wasn't even effected by all the weather
issues. The insurance industry right now is not exciting
- like the internet. I don't know why owners of the
stock stay as owners and then shot themselves in the
foot with their comments unless they are also shorting
the stock. The California situation is an issue that
I feel is being addressed but more importantly how
do major players look at these issues. Are mutual
funds leaving? I have only seen one large block trade
(i.e. mutual fund) sale recently. What does that say?
Maybe it says that mutual funds are waiting for the
gravy train that is a buy out by a large bank that says
"show me the money" Think about that. Good news instead
of all the cry babies that have nothing but bad
news. I would sure like to know if these cry babies own
any stock or just enjoy crying.
Historically, the stock of insurance companies
move with the bond market so when there is inflation
the stocks move. The stock has never performed well
in a bull market. However, I don't care what anyone
says, this lawsuit has affected the stock. I sold half
of my position at 30 when the news came out about
the city suing ORI and I am grateful that I did. If
the company has all ready spent 35 million to fight
this suit, how much more is it going to take it to
settle, perhaps a hundred million plus attorney fees.
During this time, ORI has shown stellar earnings, The
only change in the company is the lawsuit. The cost of
real estate is out of hand in California so the title
business is stong. This lawsuit definitely has affected
the stock performance.
I own ORI. Ori is very undervalued. I am sitting
tight. Comments here are preception. I wander how many
comments are from owners of the stock. So here is a little
preception that is also reality to go with all the very well
informed and logical comments. Glass-Steigel is about to
go away. That means that banks can buy insurance
companies. It will be interesting to see who is bought based
up one complaint about service or some other dum
comment from anyone who does not understand the
fundamentals of ORI. Banks are attracted to money. What has
ORI got a lot of. Enough said.
You're probably the kind of investor who buys
stock in dot.com startups with 200 P/E ratios run by
pimple-faced nerds who expect to turn a profit in oh, maybe 5
years or so.
Current weakness of ORI shares is
problematic in the entire sector - check performance of AIG,
Allstate, or even Fidelity Select Insurance Fund.
Eventually the Street will recognize this high yielding,
undervalued company as the screaming bargain that it is.
ORI is run by oldtimers, I admit, but they know their
business. Take insureexec's advice & look at the past 10,
20, or 50 years. Anytime you can scoop up a stock
like this under book value, you'll make money. Chapter
11? As likely as the RedSox winning the World Series.
ORI has one of the strongest balance sheets in
the insurance industry. over 6.9 billion in assets
and 2.4 billion in surplus.
ORI has consistantly
paid a stock dividend for over 44 straight quarters.
98 net profit over 323 million. Grow up and learn
how to read a financial statment before opening your
if a company looks like crap, smells like crap,
and it stock performs like crap...then it is
This company personally shafted me
on a claim and now I am taking them to small claims
court to get my due. I wouldn't go near this one....can
anyone spell CHAPTER 11.