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Investors Title Co. Message Board

  • ClackClack ClackClack Sep 26, 2002 7:48 PM Flag

    dividend growth

    That is one thing missing from this stock. It looks like the earnings over time should easily support a modest increase in the dividend. Perhaps a half cent per quarter added each year the business grows. That sort of thing would help it show up on more screens and gain new interest I would think.

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    • ClackClack: More dividends would help and the company can afford to increase the payout. The new issue of Barrons (9-30-02) contains a story about the title insurance industry and the re-financing boom. It only mentions the two biggest companies FAF and FNF not the best, ITIC. I have owned faf several times and made money each time. However, at this point I prefer ITIC. It has no "goodwill" or "intangibles on its balance sheet whereas the other title companies carry sizeable amounts with that caption. I simply refuse to pay very much for intangibles. I have seen too many writeoffs of them. Now then, the increasing interest in the title companies should start very soon and it should really be evident when they report earnings for the September quarter. Hang in there, it should be a profitable ride.

98.70-0.35(-0.35%)Aug 26 4:00 PMEDT