mananainvesting

I added to $T today. Not sure why it is falling today, infact MS upgraded the price target to $28 from $19.

Fairfax buys back 14% of Brit from Omers, increasing ownership to 100%. https://www.fairfax.ca/press-releases/fairfax-announces-acquisition-of-omers-investment-in-brit-2024-12-13/

Thanks for sharing Viking. At what valuation/multiple would you say price would account for management?

Added to $T (AT&T).

I really don’t know if it is under valued coz I haven’t done the work yet. Found this article on TD interesting, looks like they are a long way from earning their full potential https://www.theglobeandmail.com/business/commentary/article-can-td-bank-ever-recover-from-its-us-money-laundering-saga/

Added to $T (AT&T). Bought 1 share of $TD, hoping it goes down further since I started a position now

Added to $T yesterday. The company announced today $40B+ of shareholder returns over the next 3 years. I am long, not advise. Wrote a small thread about the company on X. Any fellow shareholders here? Link:

Should help improve ROE (lower equity base), and more to the bottom line as others have mentioned. Should help with valuations in the longer run too imo.

Fairfax investing in Orla Notes: https://www.marketscreener.com/quote/stock/ORLA-MINING-LTD-19500426/news/Orla-Mining-Ltd-announced-that-it-expects-to-receive-CAD-200-million-in-funding-from-Fairfax-Financ-48397640/

Prem on Investing in India. https://www.cnbctv18.com/business/companies/prem-watsa-on-fairfax-financials-7-billion-dollar-investment-in-india-india-canada-relations-19510220.htm

I do not plan to sell the stock anytime soon, roughly I think fair value of the stock is ~$3000 USD, valuing it on the basis of how Gayner shows to value Markel (Investments- debt +value of Insurance biz + value of associates/ventures). I also agree that I might take a harder look if I think Forward ROE is going to be below 10. I also wouldn’t mind paying a premium(not costco like premium :D) to a company with a good culture where the terminal risk is low and getting lower with additions to associates. Nothing is for sure and I might do a U-turn later if circumstances change or if I think I was wrong. However, as now I plan to hold for a long time. Cheers and I appreciate the discussion.

Thank you, I appreciate it.

@Inofeisone: What’s your thesis on CNC? Any elevator pitch? Noticed the CFO buying, and I am intrigued.

Bought more $HDB and got back into $FTT.TO

Added to $T (AT&T) and $HDB.