give me an opinion, to compare FAF FNF, besides
that they exchange the A and the N. Why both are with
such a low PE. It is because they have been growing a
lot lately and in both companies the market (WS)
anticipate a slow grow ?.
A couple of years ago, FNF spinned out American
Title Company to its own management team, and retained
majority interest in that company, American National
Financial, which has gone public in Feb. 99, ANFI.
Meanwhile, FNF sold one of its subsidiary, an underwriter by
the name of New York title insurance (?) which has
license but not yet pushing title insurace in 35 states,
Can anyone explain why FNF would
allow this underwriter company be independent? What's
the strategy here? Is this part of FNF's strategy to
lessen its dependency on title insurance biz.?
Good grief who cares! Look at the stock! It is
going north! What else matters? Notice also that even
with this bogus lawsuit, it does not even "infect" the
Relax and enjoy this ride
All things you said are valid and factored in the
price. Key thing is to use judgement whether the stock
is fair/under/over valued for the foreseeable
I personally think the stock is
undervalued reflecting mood away from cyclical businesses.
However, they are dominant in tile insurance, but also
have investments in other areas. Mr. Foley is an
astute player. Short term though we may be stuck here
(~12-18+/-), but barring a major recession, I believe you have
an easy double in a year's time.
The refinance boom is over, new home sales are
dropping, mortgage companies have already begun closing
offices and laying people off, as indicated in the Finova
press release yesterday.
The good times are over for
the title industry and the companies are retracing
their steps as they always do. FNF has problems outside
their title business that FAF doesn't have which makes
FAF a safer investment.
Don't know much about trading pennies
made some dollars using information from this
Haven't missed since I have been following for the past
Here is the
suit after the State Agency rushed to a
settlement will cost a lot of attorney hours ($$$), and
suggests that a slam dunk case does not exist. My guess is
that little or no effort will be expended by the law
firm and a quick settlement recovering any legal fees
already incurred or an outright withdrawal of the suit
will be forthcoming once the State suit is settled. It
was all a ploy to get some free publicity which they
Hope this helps.
Very volatile as Monday they got slammed over
interest rate fears and yesterday they rose like there was
never a problem. We said a month ago this sector would
remain lumpy and it has proven very true. So until the
interest rate flap is over, daytrading them or taking very
short term holds is the key to making something here.
The big money centers look like they want to go, but
again the market is too nasty. C, CMB, and AXP are the
ones that are trying to go. A host of others will do
well once we settle
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