hardcorevalue

Has the real estate angle been discussed any where, that would interest me more. Although I don't think it worked out very well when they took that angle with ToysRus

All I will say Fairfax often has many headscratching investments! If this wasn't in Canada, would they have bought it?

NVDA is 23x jan 2027 earnings. 17x jan 2028. no idea what he's talking about

CHTR, I get the debt but the trends aren't that bad and any catalyst like a slowing of broadband losses or a dividend could push this higher fast.

maybe we start a thread, but why won't used cars naturally flow to FB marketplace instead of autotrader? I see tons of cars listed there now, they don't even charge anything, and more trust with verified identities.

Everybody is bearish on FFH short term, even the bulls! we might be getting close to an epic run!

2026 is wild! Good luck!

sorry TSMC !

or Buffett on ASML

If FFH drops below $2000 again do you think they would ever consider a SIB? Or is that not cheap enough still? $1700? That would be below stated BV

They are depreciating the chips over 7 years while the underlying tech will get commoditized. This chip demand won't last IMO.

I'm maxed out on position so no adding for me but it's tough watching it sit here for a year. I guess I should blame myself on position size and remember the previous 5 years and be grateful! Management has been doing a fantastic job.

I should be a swing trader... $FFH under $2200 again.

Yes I'm definitely in the camp that FFH ends down strongly Friday. I feel it in my bones. I honestly can't remember many quarters were the stock ever moved strongly higher!

I thought i would be low but wow 1 analyst lol. Such little coverage!

That's true one month from now though and it will be 12 months haha Not sure how many analysts are in this number but pretty crazy how the street thinks earnings fall off a cliff post 2028 to $115.59 eps

FFH unchanged over a year! Thankfully the TSX addition hasn't been hurting their buyback opportunities! (Random side note but I think I've started using exclamation marks more because of Prem!!)

I'll go with MMA any day as the toughest sport. It's directly trying to end another person!

It was always apparent to me that buffett may have been a little too conservative. Now I get exactly why he is but I think most shareholders would have been ok with a bit more leverage. (survivorship bias I know!) But we get that with Prem and Fairfax. Such a fantastic set up for the company. So happy for the Fairfax team to have gone through so much and just be crushing it since the pandemic.

Might be a spicy annual meeting by the sounds of it! Airport compounding vs fees piling up. I'll be there with some popcorn.

or just buyback stock in FIH! I don't think FIH works out well as a platform unless they crush it on BIAL. The market price is implying very little value for BIAL so I'd just double down on that rather than planting more seeds. You need the p/b to trade at a a large premium so they can grow faster and issue shares and acquire more. Too much of a good thing can be wonderful!

I like both FFH and CSU/TOI a lot here. The multiple on FFH is obviously more attractive but the historical stability of CSU/TOI growth has been incredibly stable. Obviously the past few weeks have seen the narrative shift on death by AI but I think there could still be a long way to go.

2026 and FFH is still very cheap. I've never held a stock IN SIZE this long, over 5 years now! Like others my only fear is the 3x book value scenario. We need reassurance that they will never list on the NYSE again. Thankfully, I don't think that's in the cards.

Do we think this gets structure as straight equity with partners or GP/LP structure with FIH receiving a fee?

Maybe normal based on history but US total debt is far from normal so I think you could make an argument that rates are still quite low. I'd guess that might fit in with what Fairfax thinks given how they avoid long term maturities.