ValueMaven

Micron up 15% in AH trading

Kennedy Wilson's stock has been in freefall recently ...

Does anyone have a good premier, or source for the industry? You have Waste Connections, Waste Management, and Republic Services which have been very successful overtime.

Great overview of BIAL in Fairfax India's Annual Report (!!!) https://www.fairfaxindia.ca/wp-content/uploads/Letter-to-Shareholders-2023-Annual-Report.pdf

Stupid idea - but what if FFH liquidated its $16B equity portfolio, and tendered for 2/3rds of the company outstanding shares ? Yes - you'd have serious taxes, but you'd get a huge spike in BV, EPS, and Float per-share. Plus you'd have massive income generating from the bond portfolio.

This is Prem's best letter yet !!!

Should be dropping in a few hours ... no?

I actually owe MW a thank you. I was able to add materially to my position the day the short report came out. Talk about short and distort! Up about 20% in a month!

Good luck to anyone trying to battle Munger, Tolles, and Olsen

Greenlight for IPO. This is big and adds to FFH's book value

MU has been on FIRE recently

Whats the best way outside of the Ks & Qs to look at Fairfax's equity portfolio?

WEB sounded almost depressed. I get BNSF and BHE weakness - but these are super valuable assets. In some ways I think he is really trying to talk down how special these are. Nothing on MSR which is seeing really solid results. I dunno - I was left wanting more ... Also - why does he not publish the top 10 equity positions anymore??

Where can I read about the history of FFH's ownership of Eurobank?

No one mentioned that FFH just received (2/15) $150M from Blackberry for the convert note they issued. Prem also resigned from the board.

Who is Mark Dwelle?

dumb question - whats the difference between FFH.TO vs. FRFHF - which is OTC. Honestly, I dont even really know how OTC works.

I feel like I was very lucky. I've owned FFH in the past - but largely missed this recent runup. I was able to add aggressively the day of, and the day after the MW short thesis, and was able to get FRFHF around $910 per share (below BV). Honestly, this quarter was awesome, particuarly around the interest and dividend income and improved underwriting! Look at FFH's valuation difference compared to even Arch!! Please consider me a long-term shareholder - and this board has been very helpful in keeping even a casual observer updated. Blocks question was so weak ... damn

BNSF is on BRK's books at purchase price of ~$45B, despite having a FV of at least $150B ... so yea, there is that

Please keep the live updates for those of us who cant dial in!! -VM

This could easily be up 10% tomorrow. What a stupid stock to short. The float is so tight - you actually might get a squeeze. Wild.

OTC just hit over $1000 and is up close to 15% from the MW bottom Wouldnt surprise me if we get some buyback news here Thursday night. Again - very stupid stock to short. Only 25M shares o/s and the float is very tight!!!

Does anyone know how or why shares outstanding declined by 25% in 1991? '25% decrease in the average number of shares outstanding' -- from the 1991 report

FFH is a VERY dangerous stock to short unless you think its a $0 There is a controlling chairman who controls about half of the 25M shares o/s. There are 2.2B shares outstanding of BRKB btw You have a long-term holding base, figure thats several million shares ... The true float of FFH is very low!!! This could actually blow-up on MW.

Bought some more OTC in an account that has had way to much cash ...