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Parsad

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Parsad last won the day on December 11

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About Parsad

  • Birthday July 4

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  1. Didn't take long...already done. Cheers!
  2. Not sure how many other have noticed it in the last few months, but there seems to be some lag in the site. In the last day, some posts are duplicated and cannot be deleted. Also when you post, there seems to be a lag between when you click on "post" and when the site actually posts. So they will be moving the site to a new server tonight and may not be available for a while during the migration. Thanks for your patience! Sanjeev
  3. There really is no need to be listed on the NYSE or Nasdaq, nor index inclusion. If Fairfax is adequately capitalized, running their insurance businesses well and making sensible investment decisions, they will always have a loyal shareholder base and be in a position where they could buy back their shares if the opportunity presents itself. Everything else is kind of irrelevant. Cheers!
  4. I appreciate the thought and gesture John, but rather than send me funds, please donate to any non-political, non-profit of your choice in your area. The site takes care of itself, and like many of you on here, I have been a long-term benefactor. If you want to help the site, mention it to like-minded people so that we continue to spread the gospel of Buffett and teach people to manage their own money. I wish you all a Merry Christmas and Happy 2025! Cheers and thanks!
  5. Yeah, I'm not averse to it, since I imagine general volatility will increase even though they believe that market efficiency will prevail. I just think markets are getting more volatile with technology, rather than less volatile. Cheers!
  6. The question isn't if GenRe was a mistake or it has earned its purchase price...but that when issuing overvalued stock, often the target companies are also overvalued to a degree. Berkshire issued stock for GenRe and Dexter shoes...both turned out to be mistakes to some degree because he overpaid...even with overpriced stock. It's not that Fairfax can't used overvalued stock to acquire other businesses. Just that when FFH is overvalued, so are other insurers and target companies. Hopefully, if the stock price does become significantly overvalued and they use it, they will get lucky and find quality, target companies that are worth less than their intrinsic value. Cheers!
  7. Not fair, nor polite. Keep it nice boys...Santa's watching! Cheers!
  8. When will we all sleep? Cheers!
  9. Yes, I wouldn't recommend it for taxable accounts. Cheers!
  10. https://finance.yahoo.com/news/just-got-closer-24-hour-202633261.html Cheers!
  11. I don't know about your area, but for where I live: Vancouver Food Bank and Surrey Food Bank are the two I give to. Most major cities in Canada have at least one, if not more, food banks. For U.S. residents, this is a terrific resource to find them: https://www.feedingamerica.org/find-your-local-foodbank Cheers!
  12. They converted from a REIT to a regular operating company. I bought when they were a REIT before the announcement. They expect to continue to pay the same distribution as before, but now as a dividend. For comparable companies, that would mean the price would increase to between $45-$50 per share...especially when interest rates continue to fall. They also have the master limited rights to Pret-a-Manger for all of Canada. Anyone familiar with them, knows that could be a huge accretive business for A&W going forward. So there remains some significant upside, while paying out a fat dividend. Cheers!
  13. I was somewhat interested in HSY, DENN and CBRL. With HSY, I wanted to see it get into the P/E teens...might have missed the boat on that now with some interest in it being taken out. With DENN and CBRL...the restaurant industry is essentially coming out of an industry depression. I'm trying to contemplate what will survive...and if it does, what will begin to thrive again. These two aren't huge growth stories or anything, but they are so undervalued and depressed that either they fail or they triple in the next 5 years. Still digging around, but not much that intrigues me. Cheers!
  14. Yes, fortunately I did. My whole investing career has sort of been a few years fully invested in concentrated positions, then I usually build up cash as markets get expensive...during that period I look stupid and out of touch...and then suddenly some opportunity presents itself. Rinse and repeat! Cheers!
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