Sun, Apr 20, 2014, 6:20 PM EDT - U.S. Markets closed

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
  • Debaser8 Debaser8 Aug 22, 2010 8:55 PM Flag

    Buyer

    I have been a buyer at somewhat above these levels. I just wish I had more faith in management. I really feel like they are running this company for their benefit and not investors.

    • Debaser,

      I think there's something in what you say about mgt. For example why have dividends been so low w/r/t the industry for so long?

      What mitigates the problem for me is that the Fine clan have large chunks of stock.* (Don't take this on faith--in case I've made a mistake or something please check the footnote below.)

      So, no, they may not help me sell well in a particular year. But they also don't buy in shares at high prices, they don't waste money on speculative nonsense (that I know of!) ... in short they're in the boat. To me that seems good.

      -------------------
      *I make it about 500,000 shares for the three of them according to p 8 of the most recent proxy
      http://www.sec.gov/Archives/edgar/data/720858/000120677410000860/investorstitle_def14a.htm
      and dropping 95,000 duplicate shares owned jointly by W Morris Fine and James A Fine. So almost 22% of the stock.

 
ITIC
72.50-1.22(-1.65%)Apr 17 4:00 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.