UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: TMFAloha One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 47  
Subject: Re: FNF - Title Issues with MBS Date: 12/13/2010 11:38 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Aloha 15PlusPercent,

It is this concern, and the change in its dividend policy, which has been a drag on FNF's stock.

I've spent nearly a decade in the real estate business and have spent nearly as much time investing in, working with, and studying the title insurance industry ... and all this background has me firmly believing that these fears are overblown.

Remember, title insurance is not a catastrophic type of product where you have to worry about hurricanes or earthquakes. (Good) title insurers are consistently profitable and simply need to manage costs and avoid doing anything completely stupid.

Don't get me wrong, title insurers could definitely get dinged as banks work through their mortgage portfolios, but it will be mostly collateral "who-else-can-we-sue" type legal cost driven by large class action law firms. But all title insurers are susceptible to these risks proportionally, so why not own the leader at the space at below stated book value?

Long FNF,

Andy L-C (TMFAloha)
http://www.fool.com/specials/risingstars/rising-stars-andy-l...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement