Wed, Aug 20, 2014, 2:35 AM EDT - U.S. Markets open in 6 hrs 55 mins

Recent

% | $
Quotes you view appear here for quick access.

Investors Title Co. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • astral_tsar astral_tsar Mar 7, 2005 9:21 AM Flag

    new value

    Interesting points on both sides. FWIW I fall somewhere between the two of you. I'm not worried about the effect of the real-estate downturn on ITIC's long-term business. ITIC has seen all that before, and their exposure is only to financing turnover, so they run much less risk than say lenders or leveraged REITs. But in past downturns earnings did drop significantly for a year or two. Folks with near-term goals might not be able to wait. At that point, I might be able to pick up more shares cheap. So I'm not buying at 40.

    (ITIC has nearly $40/share in investments alone -- almost all bonds. But I haven't noticed anyone but myself putting much significance on that, so I don't think I have to pay anything for those bonds.)

    Unfortunately, if the coming (and yeah I think it's coming) earnings interruption takes another couple of years to materialize, 'cheap' might be $60/share. But I've got 2/3 of my money in this bad boy already, so I guess I'll be patient.

 
ITIC
72.04+0.05(+0.07%)Aug 19 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.