Singleton Student
Long/short equity, special situations, contrarian, value

Investors Title: Still A Low-Risk Bet On Housing

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details