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Stewart Information Services Corporation Message Board

  • smaycs4 smaycs4 Jul 25, 2013 8:35 AM Flag

    Another killer quarter

    This stock is too cheap.

    Premarket bid at $32 for 3000 shares.

    I see $40 soon.

    They are sitting on a good bit of cash that could be paid out to shareholders too.

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    • I like this stock too.

      I agree, the earnings were great, hopefully it starts to trade at a better multiple on P/E as well.

      I believe (and don't quote me on it) that I read in one of their reports that the convertible senior notes (see their financials) currently worth around $27 million need to be paid off before they can issue a dividend above the current level.

      They've been paying it off at the tune of around $50million a year lately, so hopefully once those are paid off they will devote that $50million annually to repaying shareholders. That would amount to around a 7% yield at current prices which would be nice. It would make them look even more undervalued relative to say Fidelity.

      Sentiment: Strong Buy

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