American National Financial's CEO Michael Lowther talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 5, 2001 The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis interview with Michael Lowther, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. American National Financial (Nasdaq:ANFI ANFI American National Financial, Inc. ), in which he talks at length about the company's future. The entire 2,200-word interview is available free online at http://www.twst.com/ceos.htm Lowther gives an overview of the company. "The company was formed in 1996. Shortly thereafter, we purchased 60% of American Title Company, our major subsidiary, from Fidelity National Financial. We then took the company public in February 1999. Just prior to the offering, American National Financial, Inc., exchanged shares of its stock for Fidelity's remaining 40% interest in American Title Company." Lowther explains, "We're large enough to handle most real estate-related transactions for our clients, and yet we're small enough to react perhaps more quickly than some of our larger competitors. We are also in the process of forming joint ventures with real estate brokers and their agents in various western states. These joint ventures will be formed in areas where we have little or no market share, which enables the company to grow." Looking forward, Lowther states, "We believe our company is very strong financially. We have very little debt, and we have the ability to grow in so many markets through National Title Insurance of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , American Title Company and our ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. service companies. For a company that went public only a short time ago, we have an excellent dividend record. In fact, we declared our 10th consecutive quarterly dividend in July. We also declared a 10% stock dividend in June of this year. This is the record we would like the public to consider, and to let the shareholders know that the management of this company wants to continue that kind of reward." This interview is part of a 72-page Property & Casualty/Insurance Brokers Issue available at http://www.twst.com/info/info412.htm or by calling 212/952-7433 The Wall Street Transcript does not endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse. endorse (indorse) v. the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion