FNF

Fidelity National Financial Inc.

Finance/Real Estate


Presented:07/08/2013
Price:$23.96
Cap:$5.38B
Current Price:$61.78
Cap:$16.89B

Presented

Date07/08/2013
Price$23.96
Market Cap$5.38B
Ent Value$6.47B
P/E Ratio17.13x
Book Value$21.57
Div Yield2.1%
Shares O/S224.45M
Ave Daily Vol2,830,000
Short Int4.29%

Current

Price$61.78
Market Cap$16.89B
Fidelity National Financial, Inc. provides title insurance, mortgage services, and diversified services in the United States. The company provides title insurance, escrow, and other title related services, including collection and trust activities, trustee’s sales guarantees, recordings, and reconveyances, as well as home warranty insurance to various customers in the residential and commercial market sectors of the real estate industry. It is also involved in the design, manufacture, remanufacture, market, and distribution of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks, and other vehicles worldwide. In addition, the company owns and operates restaurants comprising the O'Charley's, Ninety Nine Restaurants, Max & Erma's, Village Inn, Bakers Square, and Stoney River Legendary Steaks concepts in the United States. Fidelity National Financial, Inc. is headquartered in Jacksonville, Florida.

Highlights

The presenter is bullish on the outlook for FNF, and likes its recently announced (end of May) deal to acquire a former operating unit, Lender Processing Services, Inc. (LPS). Mr. William Foley, FNF’s Chairman (who the presenter characterized as a Buffet-like investor/ leader) will have the opportunity to: capitalize on top line synergies through cross selling of LPS’ data and technology services, rip out redundant costs, and potentially shed non-core assets over the next 6-24 months (e.g., auto parts and restaurants). In addition, he outlined the following factors supporting his bullish opinion:

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Idea Discussion

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