Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (7936)	8/4/1999 11:54:00 AM
From: Paul Senior	Read Replies (3) \| Respond to of 78814

CTZ, STC, FAF: (title insurance co's). Given the price being paid for CTZ, FAF now looks undervalued to me. Pe, psr, p/bv look low. On the other hand, these ratios have all been lower prior to the past few years. Plus, we are talking about a cyclical business. Although, on the other hand again (I've got lots of other hands -g-), FAF is trying to reduce dependency on title insurance with their financing/banking, home warranty, and related businesses. I think (can't find my reference though) that this stock is or was a Marty Whitman holding in his fund and recommended several times by him in media interviews last year. Overall, for value investors, I'd rate FAF now as fair-- okay to buy for diversified accounts. Not okay to buy for someone who looks at macroeconomic picture or must wait for bottoming out. I've started a small position today in FAF @ 16 1/2. Paul