I am still bullish on this stock. Looking at the top shareholders on http://www.mffais.com/lfg.html reveals many adding to their positions and not selling. Bank of America sold some, but not that much in comparison to what they are holding. Also, there seems to be many "outs" - new administration (possible TARP?), small O/S's, business as usual, important companies for the recovery, though early in the game - LFG rep stating doubtful that stock will be cancelled, potential buying the company (by Markel Corp?) and setting it loose on the NYSE, etc.
The question is how will the test cases be resolved. It seems that LandAmerica is expediting things, which to me is an indication that they may be in the right and have a good solution for all parties. These cases appear to be setting new national standards for these types of issues, which hopefully, we will benefit.
I like the thought of adding more shares to increase the cash flow if necessary to benefit the company and perhaps those that were short-changed. As my funds are all "fun-money", worst case is that they are cancelled and they go to benefit those that got short-changed, which makes me feel charitable.
I also wonder if LandAmerica wants the stock to look like a "sickly turkey" so no one will shoot it - or go after the funds - so far alls quiet regarding discussion of cancellation of the shares...
If this thing jumps, it will be like a nuclear explosion upwards - I hope!
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