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Investors Title Co. Message Board

  • pmlljl pmlljl Aug 8, 2006 4:42 PM Flag

    2nd quarter earnings

    ITIC reported earnings for the 2nd quarter of $1.68 and for the first six months of $2.79.

    How would I describe the stock market's reaction? The word muted, comes to mind. No trades today. Not one single person was so excited by the earnings report that they were motivated to buy a single share. Amazing!

    Miserable cable, internet, telecom and biotech companies that have never reported a profitable year in their existences trade millions of shares a day and ITIC can't even generate a single trade the day after its stunning report.

    Does this portend armageddon for the housing related companies? I haven't a clue, but those morons back on Wall Street do not really care about real businesses or the long term.

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