such as First American FAF and Fidelity National FNF--and even smaller competitors Old Republic ORI and Stewart Information Services STC--LandAmerica relies solely on title insurance and related services. The most recent quarterly results
We've suspended coverage of Stewart Information Services STC.
insurers we cover: Fidelity National Financial FNF, First American FAF, LandAmerica Financial Group LFG, Stewart Information Services STC, and Old Republic International ORI. Zenodata was founded in 2000 to build and sell access to title plants
for the title insurers we cover--Fidelity National Financial FNF, First American FAF, LandAmerica LFG, Stewart Information Services STC, and Republic Title ORI. Radian began marketing Lien Protection, which was intended as a cheaper alternative
After our preliminary review of Stewart Information Services ' STC 2004 earnings, we don't expect to change our fair value estimate significantly. Stewart's $82 million profit was 33
Stewart is best suited for long-term investors, in our opinion. The firm's sales depend heavily on mortgage volume, which we expect will fall sharply over the next two years. Our fair value estimate incorporates a very steep sales decline, so we are confident that this company has a lot of embedded
We've raised our fair value estimate to $53 per share from $40 as a result of an increased near-term revenue forecast. Stewart has significant fixed costs, so our valuation model is highly sensitive to changes in forecast revenue. We would buy the shares below $37. Stewart's sales depend heavily on