Jonathen Wellum, B. Comm, B. Sc Fidelity National Financial FNF-N TOP PICK Nov 26, 2004

Every time you buy property in the US, the title has to be searched. A great cash flow annuity. Only trades at 9/10 X earnings. Half their business comes from data processing for banks software, which they want to spin off.

Jonathen Wellum, B. Comm, B. Sc

Owned

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$42.490

Stock price when the opinion was issued

insurance

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Increase in interest rates will put a squeeze on the banks. They are overvalued now.

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US’s largest title insurer. In the last couple of months there has been a pickup in housing sales. There is a big government push for people to buy homes.

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Jonathen Wellum, B. Comm, B. Sc Fidelity National Financial FNF-N TOP PICK Nov 26, 2004

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