Not So Good.... Barclays downgraded Fidelity to equal weight and lowered earnings estimates for '09 and '10, and also lowered their target. The stock dropped and may be in for a further drop as subscribers and investors sell their holdings. I hope the 226.6 million dollar loss in '08 will not affect future dividends. The 12/17 dividend was to be credited on 12/31. Estimates are for small gains in '09.
Study the Industry and FNF's history with regard to financial performance. You can trust that Bill Foley and his management team will do what's required to generate an acceptable EPS and one that beats it's competitors, too. In my opinion, Barclay's downgrade was already "baked" into FNF's current stock price. Don't forget about the stock buy-backs that have already been announced. This stock is positioned to move in a positive direction.