Investors Title Company (NASDAQ:ITIC)

TMFDeej (99.37) Submitted: 5/6/2011 2:04:17 PM : Start Price: $38.78 ITIC Score: +34.66

I posted this message here because even though it is not about FNF, it is about another company in the exact same industry, title insurance.

ITIC's stock has soared lately, perhaps as a result of the great Sum Zero piece that I just read about the company.

ITIC currently trades at 0.7 or so times its tangible book value versus an industry averate of 1.3 times for all title insurers (1.9x for FNF). One could argue that given their size, and in FNF's case private equity investments, that the big boys deserve some premium to ITIC...but not this much.

Even if ITIC rose to just one time its TBV it would trade at over $45/share, a 20% gain from today's price per share.

That's not the 100% upside that the Sum Zero article is looking for, but it's not bad.

Furthermore, the company is significantly overcapitalized relative to its peers.

Deej

lepersinmyhead (68.35) Submitted: 2/8/2008 11:54:22 PM : Start Price: $38.85 ITIC Score: +29.29

Market Cap minus cash on hand = value

godsmacks1 (57.13) Submitted: 12/21/2007 4:21:28 AM : Start Price: $36.39 ITIC Score: -48.29

mortgage title insurance

rich426 (< 20) Submitted: 12/31/2006 6:15:08 PM : Start Price: $52.50 ITIC Score: -1.04

Tightly run firm, with a good future. However, a major exposure point is the new IRS regulation (sect 486B) that would eliminate ITIC's revenue on float.

5STARsmallCAPS (78.14) Submitted: 11/4/2006 4:29:16 PM : Start Price: $49.23 ITIC Score: +2.38

5-star $127 million market cap on 11/4/06
Title insurance and related services.
5STARsmallCAPS picks five star stocks with the smallest market caps.

KnuckleHop (< 20) Submitted: 10/28/2006 1:07:20 AM : Start Price: $48.96 ITIC Score: +3.43

Cash baby cash baby cash baby
EV baby EV baby