FNF with its newly announced internet
relationship with nationsdata looks to participate in the
internet in a big way and still maintain a strong balance
sheet that other internet companies lack.
an expectation of 200 million in first year
revenues, the new nationsdata product will exceed the
revenues of many internet companies with loftier
Plus, by owning FNF, we own the premiere title
insurance company in the nation.
Too good to be
true. I see the stock moving up as analysts recalcualte
enterprise value based on a sum of the parts.
My ownership of FNF is a result of having owned
CTZ. Any CTZ shareholder that requested 100% cash
would have received it. Anyone requesting 100% stock
received both cash and stock (for exact numbers check
prior posts). I can't speak for anybody else but I
actually purchased additional FNF shares with the cash
Considering that the current interest
rate environment is unfavorable for title companies I
wouldn't expect any of them to "surge." My own opinion is
that all of them will quickly move upward just as
interest rates are peaking. I've never been able to
accurately predict short-term price movements
Your PE comparison might depend on whether it is
trailing or forward EPS. In any case they both seem pretty
low. It is a safe assumption that the upcoming quarter
will be weak relative to the previous year for all of
the companies in the industry.
involved in a merger it is probable that some of the short
interest in FNF involved arbitrage (buy the company being
acquired and sell short the company that is the acquirer).
We really should wait and see what the short
interest is one or two months from now.
some of the other posters on the board will give you
their opinion as well.
Thanks rrateike for the information-
information I was aware of but the two current questions I
Faf has been going up the
last 3 weeks while FNF seems to be going down after
the merger with Chi.Title.I'm assuming "some"the
Chi.Title shareholders are selling to collect their
FNF- PE-is only 6 while FAF is 10
you explain why FNF isn't moving after the merger
with Chi.Title? One might think the merger completion
would bring on a "surge" in stock price of good things
to come from the merger of the two huge Title
companies.Hence, the only reason I could think for the recent
decline is the former Chi.Title stock owners are putting
selling pressure on the stock.
2. Could you
explain the "HIGH" short position?
As of 8-Mar-2000
Shares Short 5.41M
of Float 28.0%
Short Ratio 15.06
As of 8-Mar-2000
Percent of Float 3.0%
(Prior Month) 1.72M
Short Ratio 5.84
I wonder why this is true? There
is a "huge" difference here between FNF and FAF.
Thanks again for the help
1) Market leader
2) Large reserve
portfolio (contributing over $100 million in pre-tax
3) Internet related businesses (if they
1) Foley's involvement in non-related
2) Investments in non-related businesses.
Possibility that internet related businesses flop.
any case the title company stocks will move as a
group. Whether up or down both FAF and FNF will move in
the same direction. I personally believe that FNF
offers more upside because of the internet related
I also believe that FNF will be a candidate for a
mid-cap index as it is now the industry leader.
are you saying that if you purchased a house you
would not see a need for title insurance? if this were
the case we would begin to see a number of fraudulent
have you ever talked to anyone who
actually works in the industry??? next you will be telling
us that the product will be offered cheaper by
internet start-up companies.
some investors are
attracted to companies that can consistently make $ with
minimal risk exposure. the housing market is still doing
well, it's the refi market that is very slow.
Part of the problem is there seems to be little
or no faith in Foley being able to turn this
combined entity into anything more than the "big deal" he
was so hoping for once CK started to head
Also, let's face it, the product is decidedly not sexy,
it's tied into a volatile housing market (rates
continue to head up), and it's only a matter of time
before the product itself is either not required or done
by a non-title entity. What would draw shareholders?
("Man, I got to get me some FNF!!!!!?)
As you can tell by the post.
I do own some
FAF stock but I look at FNF as more undervalued right
now and I'm wondering why?(although I have bought and
sold CTZ and FNF before-I'm in the title
Therefore, I thought this board might have some
information.I'm not some kind of FNF basher like we have "plenty"
of at the FAF board.
forgive my prior two posts. I am obviously a FAF
fanatic touter. I got carried away here on the FNF BB. I
promise to never again post on the FNF board. I will
restrict all my future posts, to my beloved FAF.