April 30, 2011
$FNF
Diverse business model. (Title, P&C, Benefits)
Q111 results reported 4/29/11, met expectations without solid performing Q/Q Sales Growth. Q/Q Sales Growth 10% :(
Commentary of results indicated a lot of uncertainty in the title industry due to declining market for refinances , although FNF seemed confident full year outlook would be met.
Current fundamental valuation is appealing. Q/Q Sales performance is a concern.
Current dividend yield of 3.11% . Dividend performance has been under pressure since 2008.
The current price is outside of the upper daily Bollinger Band I will patiently wait on the price to consolidate. Weekly chart looks fantastic with the price just now breaking out of a stage 4 consolidation.
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