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Investors Title Co. Message Board

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  • pj:

    I briefly looked at STC's financial statements on Yahoo. Yahoo says STC's book value is about $23. However, STC reports about $215,000,000 of goodwill and intangibles, which I refuse to pay for in most cases. There are about 18,000,000 shares, so the intangibles work out to about $12 to $13 per share. Subtract that from reported book value of $23 and you are down to about $10.

    Looking at it this way, I personally would rather buy ITIC as a title company or ANAT as a bigger more diversified insurance company.

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71.30Apr 15 4:00 PMEDT

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