Bryggen

I am on the same boat and feel your pain and frustration ! Built my position over the last 3-4 years, so you already guessed that my average price is way above current level.... I could sell other stocks to purchase more FFH at those prices, but now I am like '' screw it''. Let's just handle this slide and, in the meantime, I keep repeating myself Prem's word '' It will come back'' ;) What encourages me is the ''what appears to be new'' management approach on the investment side. Let's see. Cheers, Bry

Paul's departure had nothing to do with anything like that. He was 100% a team guy...worked his way from chief legal counsel to head of Hamblin-Watsa, VP of operations and then finally President. I don't know of anyone who worked harder and bought into the system and culture at Fairfax. He always thought it had the potential to be a mini-Berkshire and thought they were on that trajectory. I don't know exactly what the reasons were, but I would imagine it had something to do with family. If I emailed Paul at 1:30-2am (I'm a nightowl), I would get a response...remember I'm in Vancouver and he's in Toronto...so it would have been like 4:30-5am Toronto time. That type of dedication to a company, to staff, to colleagues, to shareholders...it can take a toll over time. While externally he still looks the handsome, dashing guy he's always been...mentally and physically it can be a grueling workload. I think he just needed to slow things down a bit for himself and his family after like almost 18 years of 24 hour a day dedication. Cheers! Thanks for your always valuable input Parsad!

Great input guys. Thanks. I believe it is time for Fairfax to innovate and evolve. The old way of doing business may no longer work and there is a need to adjust to the current reality. What worked yesterday (read: 30 years ago) may no longer work and one need to change his stance and improve his business model to provide value once again. You usually experience that when a company get a new CEO who brings new ideas and perspective on the business to make it better. Bringing new blood they say. Now, Prem is there to stay and we all want that, but I truly believe he needs to open his mind to do things differently. Now, speculating here: could it be that Rivett wanted such change and faced resistance? We will never find out, but something ought to change. No need to be drastic, but status quo isn't an option. My newbie opinion.... :)

Also interesting noting RBC's report published May 2nd: ''While results are likely to be pressured over the near term, Fairfax continues to see good underwriting and operating results, particularly at OdysseyRe. The transformative Allied World acquisition, along with a number of smaller acquisitions, will meaningfully expand Fairfax's global footprint and we expect it to bring notable top-line and bottom-line growth. Our thesis is that Fairfax’s long-term track record of double-digit book value growth will continue and the current valuation provides an attractive risk-reward entry point for those willing to back the company’s long-term investment track record. Fairfax has a deep cash position and ample access to capital, which gives it the flexibility to be opportunistic as well as patient.'' Trying to put this with you guys' analysis together. This report seems positive while some opinion of yours are more bleak. Newbie trying to figure out where to stand. Read: Buy more and sit on my ass. ;)

Is it fair to say that if FFH has its back against the wall financially, they could in a worst case scenario liquidate assets to breather better? The company owns several businesses and securities. One would think they have that option in the worst case scenario? Wondering when this slide will stop.... Sub $350 today. Wow. Thanks in advance for your valuable input.

When is the 13-F filed and disclosed to find out more details on the XOM and GOOGL acquisitions? Thanks!

https://www.bnnbloomberg.ca/video/the-markets-are-picking-winners-and-losers-coming-out-of-this-crisis-mccreath~1950578 FFH not his cup of tea...hummm Although a very short term view, I kinda agree on the poor investment results comment.

I have to admit it is very cheap at this level, about a 9-10 year low. Will they ever be back at 660ish again (52w high) in the short or mid-term? I have nothing less than the expectation it does within 12-18 months. Irrealistic ?

I hear you on the depressed share price that dropped even more today. Shareholders that have been in the past 5 years didn't reap any benefit from FFH. Patience is running low on my end, buy hey, aren't we suppose to be long term ;) That keeps me cool, but for how long? I was silly enough thinking to add more today at this depressed price....

Thanks guys for your great input. Hope my question and the answers received have nothing to do with the 8+% pop we got today ;)

hi all, would love to hear your take on the depressed share price. Bought 5 years ago in the high 500 and it hasn't turned out quite as good as I expected. Now, the drop we suffered the past month or so hurts. As most of you, I am in for the long run with FFH , but still have some concerns of the inability to drive the share price to its actual value. Any thoughts? Thanks!

When would FFH new stock purchases be disclosed? Thanks.

Thanks for sharing!

Any ways to get the Webcast after the meeting? I missed half of it. It isn't on their website. Thanks!

On another note, a very good article on Fairfax and Prem: https://junto.investments/companies/fairfax-financial/

They can’t buy any more equities. Simplistically, they can invest their equity in equities but their float must be invested in fixed income. So the opportunities are in switching from treasuries to corporates at expanded spreads and buying back stock. They’re doing a little of both but neither will change their prospects much. They entered this sell off fully invested in cyclical value stocks. As a result, there’s not much they can do. Thanks for your input. Pretty bad then. They missed the bull market few years ago because of the massive short positions and now they can't capitalize on the great bargains offered. Is it me or it is very disappointing from Prem? I am puzzled by his thinking, which appears to be against what he always been valuing.

Thanks and sorry! Just posted on the other one. B

Hey guys and sorry for opening a new thread while I should have posted here on this news. Blame the newbie! Would you say that Fairfax is in a position to capture the buying opportunities that this market currently offers? One would think that Prem would ''back up the truck'', but could they (and will they) use their cash pile to buy equities at great value? How read read the use of the line of credit relative to this point? Prem said in his last letter that value investing was out-of-favour. I think it has now changed and would like to see them (and us!) benefit from it. Thoughts? Bry

Good morning! New here and first post! I am a shareholder with a significant position and I am here because I value the knowledge of the members. This is where I found the most information on FFH and very competent input, so here my first one for you: What is your guys’ take on this press release issued last night? Should we be concerned or reassured? The share price took a beating lately. Hope to see value again at some point. Thanks and link below. https://www.fairfax.ca/news/press-releases/press-release-details/2020/Fairfax-Reports-Recent-Developments/default.aspx