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Investors Title Co. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Oct 28, 2004 9:18 PM Flag

    yesterday

    On page 11 of
    http://www.sec.gov/Archives/edgar/data/720858/000115752304007716/d60373_10-q.htm
    #A8

    ITIC confirms your statement:

    "During 2004, premiums have declined principally due to the decline in refinancing activity, as a result of increased interest rates, which is expected to continue throughout the year. Operating results for the six months ended June 30, 2004, therefore, should not be viewed as indicative of the Company�s future operating results. As always, the Company has been monitoring and carefully managing operating expenses such as salaries, employees� benefits and certain other operational expenses in light of the expected decline in title insurance revenues."

    The expected decline in revenues should be already reflected in ITIC's price per share, but if it isn't, there will be a chance to buy more shares at lower prices.

 
ITIC
72.13990.0000(0.00%)Jul 28 3:55 PMEDT