Back in January of 2012, I wrote a bullish article on Seeking Alpha about Investors Title Company (NASDAQ:ITIC). At that time, ITIC was trading around $37 per share, and I called for a share price of $76. Well, the stock now trades around $76 per share, and I'm calling for a share price of $140, or an 84% premium. With the company's stellar balance sheet and consistent share repurchases, as well as higher-trending home sales, ITIC continues to be a relatively safe and attractive way to invest in the housing market recovery.
As of the latest annual report, Investors Title held $167.4 million of cash and investments. The company had no debt and approximately $35.4 million of...
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