Still only a small % of my portfolio but this morning I more than doubled my position with a buy @ $13.33...average cost is now $13.41.
As long as title volume does not decline earnings will continue to tick upward (better margins). Also from the CC I would expect to see them do an IPO of Sedgwick. My take is that there is a good chance for 50+% upside within 12-18 months with minimal downside risk. The housing market has already gotten crushed and even then the foreclosuers will eventually lead to a transaction that requires a new title policy. The 4+% dividend is a plus as well.
I am still holding this shit @ 14.05, Fidelity is not going no where, come on, they are the number title insurance company.. and their revenue and profit might improve in the future, but does it really matter to this shit? We had a terrific quarter and the stock price is still languishing here without any upward momentum. I will cut this piece of shit the first second it go over 13.50. It is just so damn frustrating to watch this stock.