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Fidelity National Financial, Inc. Message Board

  • dickeypiper1 dickeypiper1 Dec 26, 2009 12:36 PM Flag

    Good Entry Point

    for an initial position. I've been out of this stock for quite a while but recently bought back in @ $13.50.

    Traditionally in the industry FNF has had the lowest cost structure and the highest profit margins. Foley's business strategy has always focused on reducing costs.

    We also are seeing the number of real estate transactions pick up and mortgage rates remain very low so that refinancings, for those that qualify (not so easy these days), are still taking place.

    Going forward think that FNF is well positioned to increase EPS and the prior year comps should be easy to top (i.e. the EPS increase should look impressive).

    In no way will this be like the "good ole days" but I like the risk/reward and the 4+ percent dividend yield.

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    • Not So Good....
      Barclays downgraded Fidelity to equal weight and lowered earnings estimates for '09 and '10, and also lowered their target. The stock dropped and may be in for a further drop as subscribers and investors sell their holdings. I hope the 226.6 million dollar loss in '08 will not affect future dividends. The 12/17 dividend was to be credited on 12/31. Estimates are for small gains in '09.

      • 1 Reply to scovey2
      • Study the Industry and FNF's history with regard to financial performance. You can trust that Bill Foley and his management team will do what's required to generate an acceptable EPS and one that beats it's competitors, too. In my opinion, Barclay's downgrade was already "baked" into FNF's current stock price. Don't forget about the stock buy-backs that have already been announced. This stock is positioned to move in a positive direction.

30.36Nov 21 4:01 PMEST

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