Yes, I read the article. I thought it was sensible. I'm relieved to see somebody kind of independently confirm (roughly) the assets + business valuation that I give to this thing. The recent share buyback gives notice that the cash and securities are not just numbers, they can be & have been spent to improve the picture for investors.
I hadn't known that about Fine Sr. I think by now whatever stigma should attach to academia has worn off!
And I like the Texas expansion. Tough times are good for expansion, everything costs a bit less. And plus that's another way for some of that giant pile of money to be spent in a way that directly helps shareholders.
..."whatever stigma should attach to academia has worn off!"
Well, it has been so long since he has been a college professor that it is likely that he was not like the modern accountants. In my opinion, ITIC's financial statements are very clean and straight forward. I think their accounting would serve as a good model for other companies.
Regarding the Texas expansion, I like that Texas has a strong economy, partly due to demand for energy, and that its political outlook is much better than most of the rest of the country.