Smazz

FFH watcher, someone else can explain it better than I but i believe you have to factor in the forward rate - this is how it was explained to me. I used the term "explained" lightly lol. Anyone else want to chime in - please do - steer this ship! The N-day forward rate is the rate which appears in a contract to exchange a currency for another N days in the future. It is distinguished from the spot rate, which is the rate used in agreements to exchange one currency for another immediately. No currency changes hand between the parties in a forward contract at the time it is signed; the currency is exchanged at the maturity date of the contract N days in the future.

wow! I wonder what their spread was?

DAMN ITS COLD OUT TODAY!!!!! "HOW COLD IS IT?" WELL, ITS SO COLD THE BANKER HAD HIS HANDS IN HIS OWN POCKETS!!!!!

Well Al, they are all profiteering on the exchange.

$10.526 CAD RBC direct investing Lol, Im surprised I thought these guys would screw me more than most but after talking to my buddy who is in Investment Banking for TD, it doesnt surprise me that they might be the bigger Aholes. :D BTW, crazy minds think alike Tyska, I was thinking of posting the same type of thread lol. We dont do enough due diligence pertaining to some of these house cleaning issues. ;)

"Fairfax intends to use the net proceeds of the offering to augment its cash position, to increase short term investments and marketable securities held at the holding company level, [glow=red,2,300]to retire outstanding debt[/glow] and other corporate obligations from time to time, and for general corporate purposes. The offering is expected to close on or about February 1, 2010." Lets hope its that. That is what alot of us were hoping would eventually happen years ago when they werent in the good position they are now - the ability to get more favourable terms. I for one remember writing about in hopes for that eventuality. If it is for other reasons though I would be p****d.

Roddy Boyd? Id rather get my news from Roddy Piper!

If it comes into an account holding FFH.TO will be a Canadian account so i think they will ding us for the exchange. I cannot recall what happened last year. I may have held all my FFH.NY so it may have come over straight US$. Now I just hold all of it FFH.TO. I wonder if they could hold the US$ and transfer to my us account without the dingage! That's what I do...it's all held in my $US account so those $%^^#$% don't screw me over on the exchange rate. If I ever do want to convert it to $CDN, I'll have to suck it up. But I hate automatically getting screwed on the exchange rate. In addition, you (we) can convert the US to CAD$ when it is more advantageous.

If it comes into an account holding FFH.TO will be a Canadian account so i think they will ding us for the exchange. I cannot recall what happened last year. I may have held all my FFH.NY so it may have come over straight US$. Now I just hold all of it FFH.TO. I wonder if they could hold the US$ and transfer to my us account without the dingage!

Thanks So far: FFH CEF.A WTM ZCL

Off the top of your head how many do you know of (and name obviously) ;) I just want to do a little non scientific study. Looking at Canada as well as USA. Thanks Here, I'll start: FFH :D

if you look at the stock price over the last few years, the market price has increased AFTER paying the dividend! Not what the books taught me...lol....

I didnt realize Gaf63 hammered it bang on! :o

yea, he asked me to not wait so long to post the dividend he is to put out next year 8)

Companies which have a dividend capacity you would think outperform. How many companies that do not have the capacity eventually fail? Not sure if that goes into the equation but it must and there is no shortage of these. This is not a scientific study and no animals or Canadians were harmed in this experiment! :D

Looks like some of us were bang on $10 US /Share Payable Jan 26 http://www.fairfax.ca/Assets/Downloads/Press/fpr2010-01-05.pdf

I havent forgotten, just reminds me of the saying "all men were created equal, but some are more equal than others"

I Hope the $15 dividend does not come true. Even though I hold the stock, do the math and thats a good chunk of change which would be better utilized at the Hold Co level IMO.

Lets have some fun as this usually becomes a colourful topic ;D Im going to guess not much higher than last year - meaning dont expect the same % jump as previous years. Smazz

Merry Christmas and to the shorts also for bringing me some fruitful gifts!

Can't seem to find "XYZ" :) Slow day. They were bought out by the Acme glue company http://www.blueprintpodcast.com/blog-images/coyote-glue.jpg

believe it or not, fund managers at year end buy into winners so when their clients complain about their performance they can say "look, we own FFH, we own XYZ" I shit you not it happens!

What happened after closing today? ;D lol http://ichart.finance.yahoo.com/t?s=FFH.TO

I'm with a smaller particpating co. for home and auto. The rates were always lower than anything else I had quoted. I recvd partic. cheques almost every year. this year (with no claims or accidents for my auto) my rates increased 20+% :o

http://serenitythruhaiku.files.wordpress.com/2009/02/panic_button.jpg http://3.bp.blogspot.com/_FiNhXIv5StE/SOtyEruHLXI/AAAAAAAACbA/xlGjECT_ZUQ/s400/kramer7.jpg