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dfcanuck

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Everything posted by dfcanuck

  1. Those that know me know that Fairfax has by far been my largest holding for years. :) It still is. However, in the last few months, I have sold roughly 40% and reinvested in other beaten-up investments. For me, this was prudent, as I am not comfortable with any holding exceeding 25% of portfolio value. There is nothing harder than selling your multi-year winners, yet history (Sino-Forest for example), tells me this is usally the right thing to do. I still expect to hold Fairfax "forever", but may be 2-25% of holdings depending on other opportunities and FFH price. Go Prem! I am still with you!
  2. I believe $10 for LUK is entirely possible, given the poor performance of some of their holdings lately. I didn't think I'd see GE at $10, or BAC/Citi at $5 either. This whole sector, such as Clarke and Brookfield, are realizing asset & goodwill writedowns, and, I believe a basket of these will do well once we see a bottoming in commodity and house prices, which I predict will be around Q3/09. I'll be watching some technicals this summer, because I believe there will be some 4-baggers by 2012 in many names.
  3. around the $10 range... also looking at Methanex at current $ range. Still like SFK.un and CFP.un Coal companies getting interesting at current levels, such as Grande Cache and PCX-N. And fairfax is into coal (ICO) as we all know.
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