Redskin212

WSJ headline: Fairfax 4Q Net Dn On "Challenging Industry Conditions" http://online.wsj.com/article/BT-CO-20090219-720664.htmlhttp://]http://online.wsj.com/article/BT-CO-20090219-720664.html While technically accurate, all the other headlines I have seen have been very positive. You would think that a publication like the WSJ would report the fact that a financial company actually made $1.4 billion in 2008. Makes me wonder?? Redskin

Another twist to Fairfax's lawsuit http://www.globefund.com/servlet/story/GFGAM.20090219.RFAIRFAX19/GFStory/

OVER - way over. Smazz - maybe you could add a poll to this thread.

Stubblejumper, I don't think it is a fool's game or I'd be a fool, at least with my trading in and out of FFH and ORH. I was holding FFH and I thought ORH would get to $50 before FFH would get to $400 - similar to your thesis. Nov/07 - Sold 200 FFH at $297.50, purchased 1500 ORH at $38 Dec/08 - Sold 1500 ORH at $50 Jan/09 - Purchased 200 FFH at $308 (and picked up $8 dividend) So today I am still holding the 200 FFH at about he same price as Nov/07, however picked up an extra $18K on the ORH holding or 30%. I continue to hold the FFH as I think it will get to $400, before ORH gets to $65. I realize this is an isolated trade and not reflected of my entire portfolio - but I did make a consious decison to trade in and out of FFH and ORH, so I like the game! Redskin

This weeks' earnings release and conference call should be extremely interesting. The markets are testing the lows from November and it looks like Prem couldn't be more bullish. I look forward to his comments and insight. Redskin

If you go to Fairfax's website fairfax.ca you can find copies of all the Annual Letters to Shareholders. The first few years - 85,86,87 will give you great feel for Fairfax in the early days. I always read them before going to the Annual Meeting to remind me what a great story Fairfax is. Hope this helps.

I was buying yesterday as well - mainly at $17.15 Wanted more today but price has drifted up. Redskin