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Why did all the pumping stop? Before the IHub crash yesterday everyone was so pumped on this, where did everyone go? I think there is alot of value in this stock, just wondering why everyone went so quiet...
I love your quote.
Well, it did for over 90 minutes.
Key word was a "while"
Really? Well look again.
I would just like to see a new base built around here. Then move up again. Nice and Slow.
Fast moves ( although they are fun ! ) never hold well
I'm not a big fan of the gap filling theory, but perhaps that is what this stock needs in order to continue another assault into the .20s
Would be nice to see a little consolidation around this .12 .13 area. It is pretty close to a 50 percent pullback from the high. I think .12 is actually the 50 percent fib
Funny because I bet in a month we are all gonna be wishing we added more down here. But that's what is always good about hindsite right !! hahaha
I remember when CEMJQ was .05 and I was just hoping for .10 to give us some breathing room. Man I wish I had bought more at .05 or even .10 now .. lol
Agreed, was just making a point that if you feel you are going to get passed over with your order to just raise it and remove the risk. Glad to have you supporting the bid though.
I like $.14. It's a good price for me.
Plus, I like knowing it is hard to fill at this price, giving me confidence that what remains unfilled will hold the price steady....for a while yet anyway.
Obviously I am specualting. Isnt this board meant for speculation and facts ? Isnt that the whole idea of message boards to speculate what will and won't happen ?
I am sure the company did say they were hopefully coming out of bk this year and I am not saying they didn't but since I played maybe 50 bk stocks over the last 19 years I do have an idea how it all works. There is no guideline when it comes to these and even the company has no clue as to what the outcome will be, they just hope they do. Only the judge presiding over the case might know the outcome.
As far as " that short" I have no idea what the heck you are talking about. I say lay off the medication man and get a grip.
You fighting with me or anyone on this board is useless, we are here to discuss what could, will and hopefully happen. Not fight with each other. I am long a ton of shares on this thing as I believe you are too so if you just want to discuss the stock thats great with me. I will discuss it all day with anyone here and hopefully add to the conversation. If you want to badger me or anyone else I say, " Welcome to ignore "
That is because your buy order is now the bid, which means you have other orders probably in front of you right now. If you don't want to wait, you need to raise your order to the ask price of .15
I put in this morning when the ask was $.14
I'm still waiting for my order to be completed.
What price did you purchase them at?
Interesting, my buys are showing as sells.
Short interest update!
Jul 31, 2009 393,294 -4.65
Decreased for fourth time in a row.
Too many people freaking out about the PPS. Ive seen it run twice and still holding strong without flipping. Im in it for the long run. Go lfgrq!
LFGRQ is I believe in consolidation phase after the run it had the last few days. I see the board mark increasing to 130.
Right, so if you don't know or are just guessing like you clearly are, don't speculate. The other person is correct, the company did state that its goal is to have bankruptcy proceedings completed by the end of the year. By the way what do you mean " that short"? Do you even know when LandAmerica filed for bankruptcy?
Good support at the .14 level today, someone was sucking up shares. Expecting another day of consolidation in this area if not maybe a bit of green close. Then we start moving up to test .21 and .25 resistance levels IMO.
a whopping 4 trades in the last minute for 400 shares lol. We need some ask slapping, it's thin and will move fast. Just hit the ask, simple!
Ask back to .17... Anyone getting filled at Bid now??
I would be shocked if they do. Only ones I have seen ever that fast were Government Motors and Chrysler. But who knows. anything is possible
I believe the company stated they were going to tie it up before the end of this year.
I also see someone is routing thru HDSN in order to get the ask to drop, and combined with the lower volume they are getting very cheap shares! lol
It could take years .. Bk is a process. Most bk's take on avg I would guess around a year and half or more
LFGRQ Very thin. It does not take much volume to move this one.
any idea when final judgement on the BK will happen? thanks!
Wife wont let me go there...in fact Las Vegas is out period....and going with her is just not the same as the old single days were
If positive court news is reported this will jump to the top and will make world headlines - IMO. There will be many very unhappy people and a few very happy people at the WYNN!
once some more court info comes this could fly
Nice post. Makes a lot of sense.
Volume was another factor - low average volume tends to keep it more to the longs buying and keep more of the daytraders out. Not a ton of momo players on this - which is great. Although you still need the in and out players for liquidity - it is forming a good base of solid longs.
My thnking is this and I have said this before so sorry for the repeat :
Lets just look at crazy numbers. We know right now there is 750 mil in shareholder equity. Let's say this is way way way over stated and is just 7.5 mil ( a mere 1 percent of what they are saying it is really worth )
So even at 7.5 mil the stock price would be .48 cents. ( 7.5 mil divided by 15.5 mil o/s )
To me this is a gimmie and I will continue to hold for as long as it takes. Trading down here is a joke and is only here because mutual funds/uninformed investors etc who owned the stock before the bk got out.
( fwiw many mutual funds cant own bk stocks because of their own bylaws, CEMJQ was a perfect example of this going to .03 because it was 90 percent owned by mutual funds )
Just my 2 cents.
GLTA
Yoda
All the new people are welcome to join the board.
There has been so much superb DD just take some
time and read the postings.
Check the shareholders equity monthly, consider the
fact that the judge seems to be on our side.
IMO
Ill tell ya what that is. Lots of piss poor people selling off their shares stupidly because they need a couple hundred or a few thousand bucks instead of having the fortitude to hold the gold mine they are sitting on. They deserve nothing more than the peanuts they are getting for not having the insight to buy and HOLD this one. Maybe they need the money LOL
With all due respect, you're late to the party. All your questions, insight, and research have been investigated and hashed out to death about 6 months ago. Yahoo book value isn't updated, and yes a heck of a lot is showing in shareholder's equity in each month's 8K statement. So many new people floating around!
I know, and my only explanation is that while it definitely seems like the stock play of the century, you do have to concede there is the risk that the shares could be deemed worthless and cancelled by the judge. But read up on all the posts by seabiscuit and her analysis of all the filings so far. Very informative and she points out there have been no references as of yet to making the shares worthless. If that is the case in the long run and this does exit BK, the shares will get whatever value is leftover which could be anywhere from a few million to that number of over $700M. The jury is still out but I'm willing to pick up a nice lot and just hold through everything. Who knows, maybe this one hits and big.
Yes ..Yahoo finace shows book value is around 30 bucks...10K show 750million share holder equity. So why is this sitting at this price..question is what kind of asset do they have. Are these tangible assetts and how are these value..looks like once in lifetime stock to me.
Puzzled that we are trading in this range? Please elaborate. Is it because you see more value based on the numbers that were in the filing in regards to shareholder value left over?
thanks pipul, let me know what you think,
I'm a little puzzled also seems like we should be alot higher
i am still researching this one. Saw it yesterday. Looks promising but puzzled why we are trading in this range.
I hope it continues to move up,
now that it appears to have started.
.06 is 50% higher than .04, .21 is only 30% higher than .16, so the swing really is less now than it was then. This is looking great.
Chemtura has been trading in a similar pattern all the way from .01 to today's recent high of .73. It hit .48 a while back and then dropped all the way to .20 before the recent run to .73. LFGRQ has a similar asset to liability ratio with about 15x less shares!
My interest will come back into play when this pops over $1. Must, must have news from the judge then we are golden.
What weird movement today.
This is why I liked this just sitting idle at .04-.06..
Now it's been complicated by daytraders and run-coveters,
(If that's a word...)
Today looked like a nice north movement spoiled by lots of profit-taking, imo.
Oh well...
Consolidation is healthy in my opinion. Some profit taking. Nothing wrong with that.
I'll take higher highs and higher lows every day from here on out. Looked good, breached into the .20s today, then dipped, but then finished strong. Tomorrow we break back into the .20s and start testing that .25 resistance again IMO.
Even CEMJQ had it's up days and down days. The general trend is up in my opinion. A little profit taking and consolidation doesn't hurt. It's the nature of the beast.
You're not kidding. Had a bid @.15 for the last 15 min that never filled. Here's hoping we do a CEMJQ!
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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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