Copy of post on Yahoo/Finance/FAF/Message Board to confirm authenticity of author.
Copy of a letter I addressed to a number of FAF major investors!
In the light of the recent stock run up, I ask: Are major investors taking this opportunity to get out? What’s causing the run up? Did Parkie press rewind? Is he ‘guaranteeing’ another dividend increase? Will this one materialize or is the stock being manipulated once again?
Re: First American Corporation – NYSE Trading Symbol: FAF
Dear Mr……..,
As of June 30, 2006, (Institution name) held X number of shares of First American Corporation for a total value of $X.
At page 148 of the Forbes issue of November 13, 2006, Scott Woolley spells out the obsolete nature of at least 70% of First American’s business.
Indeed taking a rare stab at honesty, Kennedy does state:
"Today anyone can instantly learn a property's square footage, its sales price history, even view satellite photos, at virtually no cost. If records are instantly accessible and accurate, the need for title insurance will fade away. "Eventually insurance won't be an important component of the product," he (Kennedy) allows." Forbes 11.13.06
Prior to the Forbes article, in a book published on August 31, 2006, I exposed First American and the inherent moral weaknesses and abusive practices of its key executives.
Quotes by Jerome Lasky of Moses & Singer (Attorneys), New York, can be found on pages 15 to 19. Other quotes by Kennedy, Klemens and Kermott (FAF’s – KKK clan) are reported on pages 178 to 182.
In my opinion, these quotes best reveal why First American is truly in business!
But, how much longer do those ‘featherbedders’ (see: W. Baldwin – Forbes Editor – Side Lines – Entitlements – P. 32 – Forbes November 13, 2006) deserve to stay in business?
Why are they getting so much increased negative attention from various State agencies and the press? Is it because FAF management is systemically devious and slick?
In 1999 The Feds compelled FAF to write down their financial statement due to ‘creative accounting’. Now in 2006 after being embroiled in a shameful ‘kickback schemes’ and paying millions of dollars in fines, First American may once again be forced to take another ‘write down’ as a result of backdating stock options!
How many more sticky fingers, (ooops I meant figures) can they put out before investors are stuck with their stock?
Are you sure you want to continue trusting people like Kennedy with your investors’ funds?
I hope that you enjoy my true to life book and that it helps you reach a wise and prudent decision concerning your clients’ investments.
You may obtain additional copies from: (http://www.lleclezio.blogspot.com/)
Most sincerely,
Louis Leclezio.
In the light of the recent stock run up, I ask: Are major investors taking this opportunity to get out? What’s causing the run up? Did Parkie press rewind? Is he ‘guaranteeing’ another dividend increase? Will this one materialize or is the stock being manipulated once again?
Re: First American Corporation – NYSE Trading Symbol: FAF
Dear Mr……..,
As of June 30, 2006, (Institution name) held X number of shares of First American Corporation for a total value of $X.
At page 148 of the Forbes issue of November 13, 2006, Scott Woolley spells out the obsolete nature of at least 70% of First American’s business.
Indeed taking a rare stab at honesty, Kennedy does state:
"Today anyone can instantly learn a property's square footage, its sales price history, even view satellite photos, at virtually no cost. If records are instantly accessible and accurate, the need for title insurance will fade away. "Eventually insurance won't be an important component of the product," he (Kennedy) allows." Forbes 11.13.06
Prior to the Forbes article, in a book published on August 31, 2006, I exposed First American and the inherent moral weaknesses and abusive practices of its key executives.
Quotes by Jerome Lasky of Moses & Singer (Attorneys), New York, can be found on pages 15 to 19. Other quotes by Kennedy, Klemens and Kermott (FAF’s – KKK clan) are reported on pages 178 to 182.
In my opinion, these quotes best reveal why First American is truly in business!
But, how much longer do those ‘featherbedders’ (see: W. Baldwin – Forbes Editor – Side Lines – Entitlements – P. 32 – Forbes November 13, 2006) deserve to stay in business?
Why are they getting so much increased negative attention from various State agencies and the press? Is it because FAF management is systemically devious and slick?
In 1999 The Feds compelled FAF to write down their financial statement due to ‘creative accounting’. Now in 2006 after being embroiled in a shameful ‘kickback schemes’ and paying millions of dollars in fines, First American may once again be forced to take another ‘write down’ as a result of backdating stock options!
How many more sticky fingers, (ooops I meant figures) can they put out before investors are stuck with their stock?
Are you sure you want to continue trusting people like Kennedy with your investors’ funds?
I hope that you enjoy my true to life book and that it helps you reach a wise and prudent decision concerning your clients’ investments.
You may obtain additional copies from: (http://www.lleclezio.blogspot.com/)
Most sincerely,
Louis Leclezio.
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