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Yet it goes down still
Thanks for the Post!
Thanks...Shareholder equity $712M...
Oh FINE, go up; see if I care!
:>)
Monthly Report of Debtor In Possession for the Period June 1, 2009 to June 30, 2009 filed by Richard Francis Blair of McGuire Woods LLP on behalf of LandAmerica Financial Group, Inc.. (Blair, Richard)
Debtor: LandAmerica Financial Group, Inc.
Related: none
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=d91405ce-0a1d-41d4-848c-8fde144e17de
That's the spirit.
Well this is still fun anyway you slice it...............
Nicely said. Thank you.
Isn't the point of buying stock is for the stock to go up in price or am I lost here ?
I for one don't want this trading at .05 again. It was sitting there for a while and people had their chance. Now because they missed that chance they have to pay a premium. To be honest at .20 this is still a bargain. When this trades at 2 bucks or more I am sure people will wish they could have bought at .20
Sooner or later LFGRQ was going to go up. You know that there is no certainty that you get a penny out of this once the bankruptcy is done with. It is all speculation. Chances are better with this stock than many others I agree but nothing is for sure I hope you know that. Plus this could take years too like someone mentioned on this board. Also looking at the chart LFGRQ went over 20 cents in the past and went back to trade in the 4 cent range. So you can hold on to your money and buy it if it goes back to 4 cents. In the mean time some traders would have taken it up and down. That's the nature of trading.
I can't change trading basics, but I just wanted to show you how pumping LFGRQ has affected the way this trades.
It would be nice to give the longs, esp. the ones who provided all of the great DD, a little respect, instead of implying they might be "like rats and mice".
Most traders have long bought all they intent to put in, of course, so only a blue-collar worker/trader like me is affected by pumping.
Anyone who wants to buy in this would like .05 rather than .20, but hey, that's just me.
We should be golden, here, whether it be by run or an awarded PPs by the courts.
I did not call you a rat or a mouse and if that was implied then I apologize but this is a stock that is trading to the public and people buy it and sell it for different reasons and strategies. The flippers tend to lend support for it when it goes down because they tend to buy it back at the lower price. No one can control the price of a stock. I'm glad you got what you got at that price but I hope that you did not expect it to be at the price forever. I also hope for all of us that you don't wish for it to go back there. After all we are all in this for the money. Just my opinion.
I have less than $700 in this. I am
blue collar and putting couch-change into this because even at my level, it is a life-changer.
When all claims are decided in court, a set amount will be awarded to shareholders.
An increase in PPs from .05 to .20 means any
new stock purchased by me now will be worth MUCH less when all is decided.
So, it does matter to me.
At .05, $100 of stock purchased by me would have been worth
100 times more if the final PPs was awarded at $5.00/share.
At a purchase price now of .20, the final value of $100 of stock would only multiply by 25, if the final award is $5.00/share in Richmond.So, the difference is:
$10,000 minus $2500 equals a $7500 difference per $100...
I may be a rat or a mouse, as you call me, but that is a SERIOUS difference in my portfolio.
I don't like anyone to reduce my profits, so I don't like what a run will do; we don't need a run here, but of course, green is green...
It should be more of the same good news IMO. We have spent tons of time doing DD on this stock and it has so many positives. The insiders, e.g., previous CEO and many large investors are in it until the judge makes his decision. Then and only then can it pop for the last time and IMO - many will be very happy they held! GLTA
This week next 8K monthly report should be out.
cute. :)
And welcome to the board! I always like newcomers because they reenergize the board and remind us all of why we are here.
Nice post. Thanks.
I for one have been here the whole time... but I only tend to post when I see a little action. I find reading to be much more fun than posting, i QUITE like it. Many boards on ihub probably have 10x more lurkers than posters... sayin.
http://en.wikipedia.org/wiki/Lurker
honestly though some of you are rather new compared to the great arnold. who is totally missing. IMO!!!
---
as for LFGRQ it finally seems to have left the single digits behind, might see a nice run here making the .20s the new range. The charts are actually starting to become a little worth looking at... which is nice. but I'm holding my .04s until the assets are divided or shares are canceled.
back to lurking
w
This is a q stock with a SHITLOAD of money-it's oversold,and it's time is due..imho
i hope u make bunches sir thank you and good luck!
Nothing to be sorry for. Everybody plays the market differently.This is about to get alot of momo players-lotsa online chatter about this one. I've been on this for months,but have recently added.I'ts gonna go,imho..
i was just merely stating that i feel good about this stock
so far im up a whopping 6400.00 profit and would like to bail at 10k hoping......all i am is a flipper not a long termer.
sorry
What are you talking about? LFGRQ 2 bidding at .17 x 1 asking .19 Wake up!
Looking very nice today - still here lol. Just working. :(
have a funny feelin this is gonna fly
Are they hiding bids because it has been almost all buys today. Even the .17x20 and peeps keep hitting the ask, too big a spread...at any rate we are moving upwards nicely
somebody slap those mm's for me lol
.17x.20 1x4
Thank you!
I feel lost today.
Is the current ask really $.20?
You're welcome. ETrade level 2 is a mess today.
Ok. Because all I show is Auto and Nite. Was wondering if something was up.
Thanks for the info.
There is something wrong with ETrade. It's not showing all the bids and it's not showing all the asks either. It's been like that all morning.
ya would be nice to see more people on bid. Give buyers more confidence. Once we break .20 I am sure they will pop up
Only a matter of time here
Yeah, but L2 is bare.
For a while, I thought something was wrong with Etrade.
Starting to climb back up again looks like.
3 would be great ! lol
I love your picture.
LFGRQ Beautiful close at .15
Holding up here nicely. Next move to .30 +
Just a matter of time imho
I hope everyone is resting over the weekend. An active week is ahead of us in my opinion. LFGRQ is shaping up real nicely.
Okay, great! Gudluk next week!
Hi! Barchart: 60% buy, short term,
50% medium term,
100% long term,
72% average
Don't usually ever see better!!
next week should be good!
Buy-IF possible bullish reversal.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=LFGRQ&MarketTicker=OTC&TYP=S
Nice close. Consolidation over in my opinion.
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LFG, the Richmond, Va., title insurer, said on Wednesday that it and a subsidiary filed to reorganize under Chapter 11 of U.S. bankruptcy law. LandAmerica said it filed the petitions in U.S. Bankruptcy Court in Richmond. The unit that filed is LandAmerica 1031 Exchange Services Inc; Virgina Chapter / No other LandAmerica businesses have filed under Chapter 11, LFG said. LandAmerica also agreed to sell its two main title-underwriting subsidiaries Commonweaith, Lawyers & United Capital.
Bankruptcy Court Data:
Court: Virginia, Eastern, Case# 08-35994-KRH LandAmerica Financial Group, Inc.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Kevin R. Huennekens
Date filed: 11/26/2008 Date of last filing: 12/01/2008)
EXHIBIT A TO VOLUNTARY PETITION
1. The Debtor’s SEC file number is 001-13990.
2. Except as otherwise indicated, the following financial data is the latest available
information and refers to the Debtor’s unaudited condition as of September 30, 2008 as
reported in the Debtor’s Form 10-Q (Quarterly Report) filed on November 10, 2008
(unless otherwise indicated below).1
a. Total assets $3,325,100,000
b. Total debts (including debts listed in 2(c), below) $2,839,800,000
The total purchase price for Commonwealth and Lawyers is approximately $282 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") will pay a total of approximately $135 million in cash to LFG. Additionally, FNF will pay LFG a total consideration of approximately $147 million consisting of $47 million in cash, a $50 million subordinated note due in 2013, with interest at the 5-year treasury rate at closing plus 1 percent and approximately $50 million in FNF common stock valued at no less than $14.00 per share. The agreement also calls for Fidelity National Title's cash purchase of United for statutory book value at closing. United's statutory book value was approximately $16 million as of September 30, 2008
The agreement is subject to certain closing conditions and regulatory approvals, including the entry of final approved orders by the Chapter 11 court, Hart Scott Rodino approval and the receipt of Form A approvals from applicable state insurance regulators. The stock purchase agreement is subject to termination by FNF if the closing of Commonwealth and Lawyers does not take place on or before December 22, 2008. The United purchase is expected to close in the first quarter of 2009.
1:13p ET December 22, 2008 (PR NewsWire)
Fidelity National Financial, Inc. (NYSE: FNF) today announced that the Chapter 11 Bankruptcy Court has approved amended terms related to the acquisition of LandAmerica Financial Group, Inc.'s ("LFG") two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers").
The amended terms will reduce the total purchase price for Commonwealth and Lawyers to approximately $235 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") will pay a total of approximately $135 million in cash to LFG. Additionally, FNF will pay LFG a total consideration of approximately $100 million consisting of a $50 million subordinated note due in 2013, with interest at the 5-year treasury rate at closing plus 1 percent, and approximately $50 million in FNF common stock.
Additionally, the Nebraska rehabilitation court has issued an order to release Commonwealth and Lawyers from rehabilitation subject to the closing of the FNF acquisition of the two underwriters. FNF expects closing of the transaction to take place later this afternoon, December 22, 2008, subject to the satisfaction of all remaining closing conditions.
5:18p ET December 22, 2008 (PR NewsWire)
Fidelity National Financial, Inc. (NYSE: FNF) today announced the closing of the acquisition of LandAmerica Financial Group, Inc.'s two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers"), as well as United Capital Title Insurance Company ("United").
The total purchase price for Commonwealth and Lawyers was approximately $235 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") paid a total of approximately $135 million in cash to LFG. Additionally, FNF paid LFG a total consideration of approximately $100 million consisting of a $50 million subordinated note due in 2013, with an interest rate of 2.36 percent, and approximately $50 million in FNF common stock.
"The acquisition of these established title insurance franchises is an historic opportunity for FNF," said Chairman William P. Foley, II. "This combination creates the largest title insurer in the United States, with pro forma 2007 market share of approximately 46% and dominant positions in both the residential and commercial markets. We will have an unrivaled balance sheet, including an investment portfolio of approximately $5.5 billion and reserve for claim losses that will exceed $2.3 billion. We are thrilled to welcome these underwriters and their employees, agents and customers into the FNF title insurance family and are confident that Commonwealth, Lawyers and United will provide significant contributions to our ongoing goal of continually creating value for our shareholders."
Fidelity National Financial, Inc. (NYSE: FNF), is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - that issue approximately 27 percent of all title insurance policies in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. FNF is also a leading information services company in the human resource, retail and transportation markets through another minority-owned subsidiary, Ceridian Corporation. More information about FNF can be found at www.fnf.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected
LandAmerica Financial Group, Inc.
Operating Divisions & Subsidiarie
Revised January 20th , 2009
Beech Fly, LLC
Buyers Real Estate Services, Inc.
Capital Title Group, Inc.
County Title Holding Corporation
Geodata Research Systems, Inc.
LandAmerica 1031 Exchange Services, Inc.
LandAmerica Alliance Company
LandAmerica Assessment Corporation
LandAmerica Commercial Search Services Company
LandAmerica Credit Services, Inc.
LandAmerica (Europe) Sarl
LandAmerica Home Warranty Company
LandAmerica Insurance Agency, Inc.
LandAmerica International Holding Company B.V.
LandAmerica LoanSource, Inc.
LandAmerica OneStop, Inc.
LandAmerica Property Inspection Services, Inc.
LandAmerica Services, Inc.
LandAmerica Valuation Corporation
LC Insurance Agency, Inc.
LFG Processing Corporation
LoanCare Servicing Center, Inc.
Orange County Bancorp
Palma, LaZar and Ulsh, LP
Residential Property Maintenance, Inc.
RQ Holdings, Inc.
Chart:
Charts depicted below used to show sudden drop in PPS. Due to failing Richmond Division.
Large Block Owners | 206 |
Total Number of Shares Held | 9.7M |
% Change in Ownership | -2% |
% Shares Owned | 77% |
Monthly Rotation | Number of Shares | Value of Change (MM) | % of Shrs. Outstanding |
---|---|---|---|
Buyers 2/28/09 | 3,270,918 | $27.16 | 33.3% |
Sellers 2/28/09 | 38,437,075 | $806.36 | 17.3% |
Institutions | 30 Holders |
Mutual Funds | 145 Holders |
Other Major Holders | 31 Holders |
Top 10 Institutions: | Top 20 Institutions: | Top 50 Institutions: | All: |
| |||||
---|---|---|---|---|---|
Old Republic ... | 1.5M | $17,599,704 | +26% | 9.9% | Low |
Waterstone ... | 1.4M | $122,074 | +23% | 8.8% | Moderate |
Dimensional Fund ... | 1.3M | $117,330 | +22% | 8.4% | Low |
LandAmerica ... | 812.9K | $27,191,538 | +14% | 5.3% | -- |
Chandler ... | 182.1K | $16,386 | +3% | 1.2% | Low |
Evans (G William) | 88.9K | $8,005 | +2% | 0.6% | Low |
Norges Bank | 62.6K | $1,517,250 | +1% | 0.4% | Low |
Byram Capital ... | 47.8K | $1,059,972 | +1% | 0.3% | Moderate |
Alpert (Janet A) | 43.9K | $752,292 | +1% | 0.3% | Low |
McCann (John P) | 33.8K | $579,555 | +1% | 0.2% | Low |
| |||||
---|---|---|---|---|---|
DFA U.S. Micro ... | 515.2K | $5,075,094 | +9% | 3.3% | Index |
iShares Russell ... | 249.4K | $6,048,532 | +4% | 1.6% | Index |
Vanguard ... | 145.2K | $3,520,615 | +2% | 0.9% | Index |
Fidelity Small ... | 111.6K | $1,099,260 | +2% | 0.7% | Growth |
iShares Russell ... | 107.7K | $2,610,682 | +2% | 0.7% | Index |
DFA U.S. Small ... | 107.3K | $1,057,319 | +2% | 0.7% | Index |
Vanguard Total ... | 106.9K | $2,592,349 | +2% | 0.7% | Index |
Vanguard ... | 98.4K | $2,386,709 | +2% | 0.6% | Index |
CREF Stock Account | 90.7K | $2,200,348 | +2% | 0.6% | Index |
Goldman Sachs ... | 84.0K | $827,134 | +1% | 0.5% | GARP |
02/27 OTC US Currency: USD
Price0.050 | Change-0.005 | % Change-9.091 | BidN.A. | AskN.A. | Open0.040 |
VolumeN.A. | High0.054 | Low0.040 | 52-Week High45.21(03/24/08) | 52-Week Low0.03(02/06/09) | 1-Yr Return-99.862% |
EARNINGS
Earnings Past 12 Months-17.140 | Quarter Est. EPS() N.A. | Quarter Est. EPS() N.A. | Year Est. EPS() N.A. |
Price/Earnings (Trailing)N.A. | Relative P/EN.A. | Earnings Growth RateN.A. | Estimated P/EN.A. |
FUNDAMENTALS
Shares (Millions)15.471 | Market Cap (Millions)0.774 | Float (Millions)13.482 | Return on Equity-4.167 |
Short -483,042.000 | Last Dividend ReportedN.A. Discontinued | Dividend Yield (Trailing 12mo.)700.000 | Relative Dividend Yield184.233 |
Price for LFGRQ:USSECTOR COMPARATIVE RETURNS
Chart the Performance of LFGRQ:US | LFGRQ:US SPX:IND |
Name | Shares | Estimated Value of Shares * | Holdings | Shares Outstanding | Turnover Rating |
---|---|---|---|---|---|
LandAmerica Financial Group, Inc. ESOP | 812,901 | 27.19 M | — | 5.26% | Low |
Evans (G William) | 88,944 | 3.51 M | — | 0.57% | Low |
Chandler (Theodore L Jr) | 182,065 | 3.12 M | — | 1.18% | Low |
Susquehanna International Group, LLP | 73,248 | 1.78 M | — | 0.47% | — |
Astheimer (Kenneth) | 24,364 | 961,647.00 | — | 0.16% | Low |
Alpert (Janet A) | 43,891 | 752,292.00 | — | 0.28% | Low |
McCann (John P) | 33,813 | 579,555.00 | — | 0.22% | Low |
Wishnack (Marshall B) | 17,313 | 515,581.00 | — | 0.11% | Low |
Foster (Charles H Jr) | 31,501 | 310,285.00 | — | 0.20% | Low |
Hill (Melissa A) | 17,733 | 303,944.00 | — | 0.11% | Low |
Please Note: In all fairness to the board here at LFGRQ, and the company itself please limit the discussions on the "Q" being dropped as this is a matter that is not controlled by us here and would be pure speculation on our part and may have a negative impact on those making decisions on investing with LFGRQ.
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