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Investors Title Co. Message Board

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  • pmlljl pmlljl Jan 13, 2006 4:27 PM Flag

    I'm ruined

    I bought it all since August, 2005. Average cost is about $3.70 to $3.75. So I am slightly underwater. I am not necessarily recommending it.

    I sold my house last year so I don't own land. In addition this is not a well known stock and it is controlled by a private outfit.

    I bought it for the land value as well as one completed but not yet reported land sale and another potential one based on a parcel under option. I am not certain of the amount of gains or when they will be reported. Even more, I don't know if the market will care.

    This is a leveraged company in an industry that most people don't care about and it is seasonal.

    However, if these gains occur and in the amounts I expect and when I expect the numbers should be large enough to move the stock. I hope.

 
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