value_hunter

They bough some in Mar. https://ceo.ca/api/sedi/?symbol=fih&amount=&transaction=&insider=

Seems Fairfax bought back $200m CAD shares in Mar. https://ceo.ca/api/sedi/?symbol=ffh&amount=&transaction=&insider=

I use this.https://ceo.ca/api/sedi/?symbol=ffh&amount=&transaction=&insider=

Actually it's cost based not fair value based. Also Canadian companies like FFH, issue foreign currency share are not treated as foreign property. https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html#SFPCanadianReporting

Yahoo's estimate is C$70.74 which is USD$52. meet.

Some interesting questions: If FFH purposely overvalue their asset, will that lead a higher tax or earlier tax payment? If FFH has the motive to consistently inflate their asset value why when some chances came but they chose not to. The bottom line is whether Fairfax is trustful. I found the following comment from Seekingalpha is very interesting. https://seekingalpha.com/news/4064629-fairfax-financial-drops-amid-muddy-waters-short-report#scroll_comments Doc Hopey Yesterday, 4:53 PM Investing Group Comments (571) | + Follow @zenamaste1995 When FFH sold its Pet insurance business for $1.4 bn in late 2022, FFh had to book a gain of $1.2 bn. Fairfax bought the pet insurance business for $30 mn (or was it $50 mn? From memory) less than two deacades before the sale. Essentially nobody, not even the people following Fairfax over years, were really aware, that Fairfax even owned that business. And here’s the question: Don’t you think that creative accountants would have advertised such an asset way more than FFH did? Why haven‘t they? Were they oversleeping this $1.2 bn opportunity for letting Fairfax shine? Or is it more like, Fairfax tries to grow intrinsic value (not book value), tries to avoid taxes and is advertising way less than others over its whole history? ReplyLike(1)

Are shorts covering now? Looks like no chance to buy it cheap any more.

Do you think the TRS counterparty will benefit from the price drop? Shouldn't they already hedged on this?

Why are you concerned about KW deal? Just because of the recent price drop? Or you think the KW deal is fundamentally flawed?

Debts are 100% fixed or hedged. Plus Fairfax won't let it go under.

added KW

If you hold FFH.to in Canadian account, will the broker/bank charge 2.5% exchange fee for the dividend?

Any news for big drop(3%+) today?

That maybe Brit sold part of its business to Amynta for $400M in May and affect premium written. Q3 brit's premium written dropped 8%. That's also explain Q3 overall net premium written only increase 5% not 6-8% as previous quarters.

Correct me if I am wrong. Why they have to sit for 12-18 month (wait for mature) to rotate to long duration bond if they see extreme interest cut coming? Can they just sell their short duration bond (with gain) and buy long duration(with loss) right away so they can lock in long duration?

Seems every move Fairfax takes the market views as negative. No trust at all.

if use premiums earned ($16.5 B), we will get around $0.82B income just from insurance operation. That's still very impressive.

+1

My understanding is all bid $460-$475 will be pro-rata, not $460-$470 will get full filled and $475 get pro-rata.

Anybody has idea how much hit Fairfax will get for the worst in the history of Kentucky tornado? https://www.chicagotribune.com/business/ct-biz-cb-tornado-home-renters-insurance-20210621-xtsl2g4w2jbwfo66b54nkkzgeq-story.html

What's the chance of the over subscribe and tender price is around $460? If the stock price is constantly below $450, are many people willing to accept tender price of $460?

My understanding is the tender will pay in USD. If you choose CAD, there will be some exchange fee. Anyone have idea, how much the spread Computershare Trust Company of Canada will charge? Is it better to convert FFH.TO Toronto list to FRFHF in advance? The exchange rate that will be used to convert payments from United States dollars into Canadian dollars will be the rate established by Computershare Trust Company of Canada, in its capacity as foreign exchange service provider, on the date the funds are converted, which rate will be based on the prevailing market rate on that date. The risk of any fluctuations in such rates, including risks relating to the particular date and time at which funds are converted, will be solely borne by the Shareholder. Computershare Trust Company of Canada will act as principal in such currency conversion transactions. Computershare Trust Company of Canada may earn a commercially reasonable spread between its exchange rate and the rate used by any counterparty from which it purchases the elected currency.

That works for lower tax bracket. Thanks, SJ.

And you can also claim capital loss since the sell price will be adjusted to $252. I think this will probably be better than just claim whole gain (excess) as capital gain. What do you think?

For Canadian, this gain will be treated as eligible dividend, not capital gain, right? Will this even be better as you get dividend tax credit which you may pay 0 tax if you are in the low bracket tax.