[Fairfax 2008 Year-end Results (February 19, 2008)]

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

 

 

[CI will co-operate in Fairfax suit]

Another twist to Fairfax's lawsuit

 

http://www.globefund.com/servlet/story/GFGAM.20090219.RFAIRFAX19/GFStory/

[OVER UNDER $10.38 quarters earnings estimate asper Thomson Financial research]

OVER  - way over.

 

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

 

 

[Swap ORH for FFH?]

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

 

 

 

 

[Fairfax Financial 13F]

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

[Fairfax's Early Days]

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.

[ORH.A Today]

I was buying yesterday as well - mainly at $17.15 

Wanted more today but price has drifted up.

 

Redskin