Out of habit did listen to a replay of the CC from earlier today. As far as the restaurat division they do appear committed to really increasing both the size as well as the involvement (FNF wants to be able to consolidate the results) of FNF. It sounds as if the O'Charley's acquisition could do well....claiming cost savings of $18-22 (don't recall the exact number) million and FNF has repeatedly proven that it can reduce costs once an acquisition has been completed. However if in the future they are looking to buy even larger restaurant operations then the chances of making a major error comes into play. They say very little about Ceridian (huge acquisition from years ago....do not recall what FNF's ownership position is) but it is still losing $ every quarter.
FNF also raised its dividend. Not too long ago they reduced the dividend and said that it would be a function of what earnings were (some % of earnings would be the dividend). Guess that policy no longer exists.