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Fidelity National Financial, Inc. Message Board

o08o.ugh64w 92 posts  |  Last Activity: Aug 28, 2014 9:42 PM Member since: May 13, 2011
  • Reply to

    Is it trading again?

    by glassfecalact Jul 16, 2014 4:31 PM
    o08o.ugh64w o08o.ugh64w Jul 16, 2014 5:36 PM Flag

    Further, it appears that the amount of revenue in question is about $1.4 million - not the end of the world.

  • Reply to

    Is it trading again?

    by glassfecalact Jul 16, 2014 4:31 PM
    o08o.ugh64w o08o.ugh64w Jul 16, 2014 5:32 PM Flag

    News release looks good for as much as can be said at this point.

    Comparing with 9 month results, it's looking like Q4 revenues are between $17 million and $18 million and bottom line is anywhere from a loss of $800,000 to a profit of $150,000.

  • Reply to

    Sidoti idiots

    by o08o.ugh64w Jul 16, 2014 3:55 PM
    o08o.ugh64w o08o.ugh64w Jul 16, 2014 4:22 PM Flag

    just have to laugh

    good find

  • See for yourself. What do you think the odds are that someone could place trades at exactly 5 minute intervals to the exact second?

    $3.65 ... 200 ... EDGX ... 15:46:06
    $3.65 ... 100 ... EDGX ... 15:41:06
    $3.65 ... 200 ... EDGX ... 15:36:06
    $3.65 ... 100 ... EDGX ... 15:31:06
    $3.65 ... 200 ... EDGX ... 15:26:06
    $3.65 ... 100 ... EDGX ... 15:21:06
    $3.65 ... 100 ... EDGX ... 15:16:06
    $3.65 ... 100 ... EDGX ... 15:11:06
    $3.65 ... 100 ... EDGX ... 15:06:06
    $3.65 ... 100 ... EDGX ... 15:01:06
    $3.65 ... 100 ... NDD ... 14:56:06
    $3.65 ... 100 ... NDD ... 14:51:06
    $3.65 ... 100 ... EDGX ... 14:46:06
    $3.65 ... 100 ... EDGX ... 14:41:06
    $3.65 ... 100 ... EDGX ... 14:36:06
    $3.65 ... 100 ... EDGX ... 14:31:06
    $3.65 ... 100 ... EDGX ... 14:26:06
    $3.65 ... 100 ... EDGX ... 14:21:06
    $3.65 ... 100 ... EDGX ... 14:16:06
    $3.65 ... 4 ... NDD ... 14:09:30
    $3.65 ... 100 ... EDGX ... 14:06:06
    $3.65 ... 100 ... EDGX ... 14:01:06
    $3.65 ... 100 ... EDGX ... 13:56:06
    $3.65 ... 100 ... EDGX ... 13:51:06
    $3.65 ... 100 ... EDGX ... 13:46:06
    $3.65 ... 100 ... EDGX ... 13:41:06
    $3.65 ... 100 ... EDGX ... 13:31:06
    $3.65 ... 100 ... EDGX ... 13:26:06
    $3.65 ... 100 ... EDGX ... 13:21:06

  • o08o.ugh64w by o08o.ugh64w Jul 16, 2014 3:55 PM Flag

    Don't even wait to hear the details or if there is any impact.

    Well, for anyone who wants to buy when trading resumes - Sidoti is out there today to help you.

  • Reply to

    material weakness in financial reporting controls

    by sbc1209 Jul 16, 2014 9:46 AM
    o08o.ugh64w o08o.ugh64w Jul 16, 2014 10:14 AM Flag

    I don't think this could be a huge problem attributable (only) to the CFO as he was in his position only since December and obviously this was caught in the March quarter with the full year audit.

  • Reply to


    by stumbleoften Jul 16, 2014 9:37 AM
    o08o.ugh64w o08o.ugh64w Jul 16, 2014 10:10 AM Flag

    understood - share buybacks also fall under the same rules as insider purchasing - even moreso.

    google for "Questions Surrounding Share Repurchases" and the first link is to the Harvard Law School blog - it covers this..."The Company" is the ultimate insider. The article was written by an attorney at Skadden Arps - one of the top legal firms.

  • Ted indicated new product would be announced in August.

  • Reply to


    by stumbleoften Jul 16, 2014 9:37 AM
    o08o.ugh64w o08o.ugh64w Jul 16, 2014 10:00 AM Flag

    I'm sure they will be when they are allowed to.

    Currently, I believe they are in a blackout period because it is past end of quarter and they have still not reported results - ie they have material non-public information...as has been the case since end of March. Once everything is squared away I'm sure they will be buying. If you review past quarterly filings you can see they had previously been buying back shares in the $1.60 range.

    For the time being, a trading halt may be the best thing until the issues are resolved.

  • Reply to


    by friendofthetrend Jul 15, 2014 7:06 PM
    o08o.ugh64w o08o.ugh64w Jul 15, 2014 7:47 PM Flag

    thanks - sounds like the same kind of thing. I've seen it before.

    looking at the Ixia news items, it took them a couple months to get it all worked out and the filings up to date.

    I have to believe that Iteris is very far along in the process considering the amount of time since March end of quarter and that it is likely the result of a small number of these contracts.

  • Reply to

    What to do now

    by friendofthetrend Jul 15, 2014 6:30 PM
    o08o.ugh64w o08o.ugh64w Jul 15, 2014 6:47 PM Flag

    "...primarily due to the time necessary to complete the review of certain complex, multi-element contracts. The company may have a material weakness in its internal controls over financial reporting related to certain of these multi-element contracts..."

    It is focused on these specific contracts. It doesn't sound like there are lots of them, just that there is some aspect of some of them that makes the accounting more involved.

  • Reply to

    What to do now

    by friendofthetrend Jul 15, 2014 6:30 PM
    o08o.ugh64w o08o.ugh64w Jul 15, 2014 6:42 PM Flag

    I think you may be going overboard with your assessment of the situation. But, it is true, we need to wait for more information.

  • Reply to

    Now we know why the share price weakness

    by chart_watcher99 Jul 15, 2014 5:45 PM
    o08o.ugh64w o08o.ugh64w Jul 15, 2014 6:32 PM Flag

    From the wording, I'm just guessing that it may be a revenue recognition issue...the sales are all there, just a matter of when they recognize the revenue for accounting purposes. If this is the case, then some sales may be moved between quarters.

  • Most folks who lack investment skills have not faced the fact that interest rates will be trending higher going forward. They don't understand that in general it's going to put pressure on the stock market and their dividend paying stocks. What they also lack a total understanding of is that banks and financials are going to be the beneficiaries of higher interest rates as the spreads between their borrowing and lending rates widen and translate into higher profitability. For the past few years banks have been squeezed and every CEO discusses the challenges of the low interest rate environment. Now, the reigns are going to be loosened and with higher interest rates will come higher profitability.

    PFS is going to do extremely well having just completed another merger, and will be ready for taking advantage of the higher interest rates.

    Pick up or add to your PFS holdings while you still have the opportunity to do so at the current bargain price. Also, diversify across other banks and financials as well - there are many good ones paying solid/secure/growing dividends with strong balance sheets and asset quality.

    When the banks and financials move up over the next couple years, they are not going to be coming back to these levels unless we have another financial crisis/meltdown and I don't think that's going to happen.

  • o08o.ugh64w by o08o.ugh64w Jul 15, 2014 9:41 AM Flag

    Now is the time to be buying these small banks during the summer doldrums (for banking stocks). This happens most every year. However, this year it is even more a time to be buying them in a big way. Interest rates will trend higher next year, and when that (finally) happens bank earnings increase! Most people are looking the other way and do not understand these basic concepts.

    In the mean time, slowly acquire shares if the trend lower. Diversify across multiple names. Look more towars book value and those trading near or below compared to those wildly above book value. Make exceptions for those carrying low debt loads, growing top/bottom line, and paying good/stable/increasing dividends. Lastly, those that are potential acquisition targets (like AROW) should be on the top of the list for accumulation.

  • Reply to

    5% dividend anyone?

    by o08o.ugh64w Jul 11, 2014 3:46 PM
    o08o.ugh64w o08o.ugh64w Jul 14, 2014 11:08 AM Flag

    witness what is taking place with FHCO today upon announcement of suspension of their dividend to focus on growth...and they are a profitable company simply going through a patch of weakness yet still profitable during the weakness.

    tell me more about market perception when a dividend gets canceled.

    you're just wrong.

  • Reply to

    5% dividend anyone?

    by o08o.ugh64w Jul 11, 2014 3:46 PM
    o08o.ugh64w o08o.ugh64w Jul 12, 2014 7:29 AM Flag

    I'm well aware of perception and the market would not see it as a positive if the dividend was canceled at all. It would be perceived as a (further) sign of weakness.

    So long as that dividend is being paid, you'll have certain mutual funds that will be shareholders, you also have people on fixed incomes who will be shareholders. You eliminate the dividend and immediately those long-term shareholders exit. That's not about perception, it is reality.

    In the mean time, while the dividend is in place, it provides a floor under the shares. You have people here pulling ridiculous numbers out of their butts (as expected from bot_feeder - I've also seen ridiculous visions from him on other stocks/companies) saying they'll buy at $4 or $5 a share. If you have a 32 cent dividend out there, in a zero/low interest rate environment, do you seriously think a tech company carrying no debt, BV of over $7.25/share and over $3.25/share cash is going to trade with a 6.5% to 8% dividend? Hey, anything is possible, but it's not highly likely. That's reality.

    For me, I'll take the dividend, along with the fortress balance sheet, a CEO who is clearly stirring things up, and slowly acquire (more) shares. The dividend will keep me (and others like me) happy.

    So, for you, bot_feeder, and others like you, you can wait for the dividend to be canceled or $4-$5/share, but in all likelihood, as a result, you'll never own shares. Again, that's reality.

    Good luck to you.

  • Reply to

    5% dividend anyone?

    by o08o.ugh64w Jul 11, 2014 3:46 PM
    o08o.ugh64w o08o.ugh64w Jul 11, 2014 6:48 PM Flag

    disagree - eliminating the dividend would absolutely not help the share price. what in the world makes you think that? if anything, the dividend is providing a floor.

    the company is sitting on well over $3/share in cash, the dividend is a small fraction.

  • o08o.ugh64w by o08o.ugh64w Jul 11, 2014 3:46 PM Flag

    You'll be paid to wait and be patient.

    Take it while it's being offered to you. If the shares go lower, then buy more.

    Share weakness is because of the talking heads scaring the sheep that the crash of the century is coming and they have Average Joe afraid of his own shadow.

  • Reply to

    Now 5% below BV

    by o08o.ugh64w Jul 9, 2014 5:40 PM
    o08o.ugh64w o08o.ugh64w Jul 9, 2014 6:35 PM Flag

    "At least Abbas bought some shares (but not many) earlier this year, so he's got a little skin in the game here as well"

    Abbas currently owns almost 900,000 shares - I'd say that's having a bit of skin in the game.

28.31+0.04(+0.14%)Aug 29 4:00 PMEDT

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