I would have expected that FNF would be climbing back up much quicker than it has been over the past couple weeks. Home buying news and predictions seem to be improving, their closest competitor FAF has been on a pretty good roll. Does anyone see FNF picking up soon? I'm in for a small profit at the moment, but would like to get more since it seems so low right now. The 1 yr target is $17.50 - quite a bit of room for improvement. Consider that FAF is trading currently above the 1 yr target.
The stock is really acting poorly. It is cheap on a fundamental basis, dividend looks reasonably secure and they are in a good position with their acquisitions to dominate the industry IF and WHEN it turns around. THAT's the problem. It could be years! If you have a long term horizon, the stock can be bought here. Seems to be some support in the $13-$13.50 area but only buy 1/4 to 1/2 a position because it could definitely go lower if the market folds.