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Investors Title Co. Message Board

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  • 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.

 
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