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Investors Title Co. Message Board

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  • astral_tsar astral_tsar Apr 29, 2011 5:57 PM Flag

    6% Holder London Company Sold out

    Yeah, I see what you mean. Thanks for the tip.

    Well I need to get my mind around all the latest numbers, but on that one point, buying shares at 31-32 sounds like it probably helps address my dividend concern.

    Sounds a little puzzling if they bought that large a position thru the exchanges in dribs and drabs, but better weird than not at all.

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    • According to my calculations, ITIC's book value is now about $47. That is calculated by dividing shareholders equity of $101,391,884 by 2,156,078 shares outstanding at 3/31/11.

      However, I think the bigger news in the 1st quarter report is the news about expanding into Texas and the material amount of new business done there. This amounts to GROWTH which is the magical word for investors.

      I think I may have sold my shares too soon. I am looking to get back in and hoping some fearful investors will give me a chance at slightly lower prices.

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