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astral:I'm long BRK (as well as FNF). I take it you're implying ITIC is more than 25% undervalued by your BRK comment. ITIC seems to trade at a premium to FNF. Is it strictly a takeover premium? Did you keep the BOYD? They file their re-org 4/27 I believe. Now that one is more than 25% undervalued IMO.