Yesterday my mailman delivered not one, but two boxes of Kentucky bourbon chocolate fudge to me in good condition. You are very generous. Thank you VERY MUCH! YUM!
I noticed that this is the first message on ITIC's board since May 1 and it is about candy, not ITIC. The Fines must feel like Rodney Dangerfield-NO RESPECT.
Well, I respect them a lot. I had sold my ITIC earlier in the year, but I was "forced" to buy back in at a higher price after I read the 3rd quarter report. It looks like the geographic expansion into Texas is a winner that is providing an avenue for growth. In addition, ITIC bought back a pretty good amount of its stock at a very low price. They are doing a very good job and not many people have the wisdom to realize it or the courage to buy the stock. I am aboard the good ship ITIC for a long cruise.
I loaded up on ANAT and NWLI, even buying a good bit on margin, before the end of the year. The results so far have not been good. I recently sold my smaller amount of ITIC, at a good profit, to start to reduce the margin balance. I have been stunned how almost everything related to housing (title insurance, furniture, building supplies, home builders, etc) have gone up a lot and the much more depressed insurance stocks just sit there month after month. My guess is that interest rates have to go up for the insurers to have a chance. Therefore, we probably have to have a change in presidents and a new head of the Fed.