Daphne
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Posts posted by Daphne
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* Fairfax Financial Holdings Ltd. (
) to $2,000 from $1,900. Average: $1,828.09.
Analyst: “We believe Fairfax’s current valuation does not fully reflect the company’s earnings potential and remains an attractive opportunity for investors. We believe the stock should garner a sustainable re-rate on the back of the organic expansion in its insurance operations, which likely enhances the company’s ROE and the growth rate potential of its book value, and potentially adds greater consistency to both metrics. The company is likely well positioned for the current rate environment and has locked in a much higher run-rate of operating investment income as a result of the rise in bond yields and its short-duration portfolio. Further, given its value investing approach, we think it has the potential to continue to generate outsized investment returns – even against a backdrop of more modest equity market returns. The company has demonstrated resilience through the business cycle and turbulent financial markets, but we view it as a less defensive play than more traditional publicly listed insurers. At this stage of the market cycle, this likely provides an attractive balance: downside protection thanks to the relative resilience of insurance operations through a potential recession, and upside potential when markets recover. We believe the company is overlooked or unloved by investors, and continues to trade well below its intrinsic value. We are bullish on the name and believe Fairfax is well positioned to successfully navigate the current environment and remains one of our top ideas for 2024. Fairfax’s valuation discount remains wide despite showing strong growth and enhanced ROE potential.
FROM TODAYS GLOBE AND MAIL
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From the perspective of share price, there may be a rush to take capital gains before the new rate kicks in on June 25.
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They put a special tax on insurance cos and banks in last years budget
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The MW short took place in 2024
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Farming in the time of war: How Prem Watsa’s Fairfax Financial built an agribusiness portfolio in Ukraine
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Just click on Eng icon
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1 minute ago, gfp said:
Disclosure regarding associates that have been on the balance sheet since Jan. 1 2020. Cash in / cash out / profits booked / contingent liabilities question.
Will you be disclosing these transactions?
Jen Allen taking the question.
"disclosed under IFRS in our annual report"
Block, "Rather than going for the bare minimum that IFRS requires, why not go for enhanced disclosure. Why leave it there?"
Next question please
Asked and answered dirtbag..next!
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Rightly so…third party endorsements
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If they show up on the call, expect lots of questions along the line of “when did you stop beating your wife?”
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INVESTIGATION ALERT: Berger Montague is Investigating Securities Fraud Claims on Behalf of Fairfax Financial Holdings Limited (OTC: FRFHF, FFHPF) InvestorsDow Jones - Updated 43 minutes ago
INVESTIGATION ALERT: Berger Montague is Investigating Securities Fraud Claims on Behalf of Fairfax Financial Holdings Limited (OTC: FRFHF, FFHPF) Investors
PHILADELPHIA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Berger Montague is currently investigating potential violations of the federal securities laws on behalf of shareholders of Fairfax Financial Holdings Limited ("Fairfax Financial") (OTC: FRFHF, FFHPF).
CLICK HERE TO LEARN MORE ABOUT THE INVESTIGATION
Fairfax Financial, headquartered in Toronto, provides property and casualty insurance and reinsurance, as well as investment management services in the United States and internationally.
On February 8, 2024, short-seller Muddy Waters Research published a report titled "Fairfax Financial Holdings Ltd.: The GE of Canada."
Following this news, Fairfax Financial's share price fell by more than 11.6%, from a closing price of $1,041.43 on February 7, 2024 to a close of $920.37 on February 8, 2024 -- a decline of $121.06 per share.
If you are a Fairfax Financial investor and would like to learn more about our investigation, please contact Berger Montague: James Maro at jmaro@bm.net or (267) 637-3176, or Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or CLICK HERE.
Whistleblowers: Anyone with non-public information regarding Fairfax Financial is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., Delaware, San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. -
I backed up the truck when it hit $89 back in the day. Been smiling ever since.
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Sounds like an attempt to push FFH down so they can cover. Not our first rodeo.
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Berkeley year end
Fourth Quarter Return on Equity of 23.6% and Operating Return on Equity of 23.2%;
Record Quarterly and Annual Pre-Tax Underwriting Income and Net Investment Income
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On 1/16/2024 at 6:17 PM, Parsad said:
I thought he was already in there! This is long overdue. Congratulations Prem! Cheers!
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Something is being unwound this month
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I’m guessing algorithms kicked in at 1300 prompting the almost immediate sell off.
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Sanjeev might recently introduced 2% Canadian buyback tax have tempered the attractiveness of buybacks?
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First bought FFH in the mid 90s paying about $50 then bailed at $400 during the run up to $600 on feelings the company was about to take a hit from being overextended on some problem purchases in US. It did crash and almost burn. We started buying back at $80.00 and our cost basis is now about $165.00. I have way too much of my net worth tied up in FFh but do sleep well at night. Thank you Prem!
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Typically there are several questions. Lack of questions indicates to me that like Viking
,people are travelling or, they understand and are pleased with the results
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From peanut butter and health drinks to DNA tests for early detection of genetic diseases for dogs, the Indian pet care industry is evolving rapidly with its myriad offerings, amidst rising pet adoption, fuelled by millennials and Gen Z pet parents.
Industry players say that the cultural shift from mere ownership to the parenting attitude for pets is expected to help grow this industry at 19-20 per cent over the next decade till 2032.
The boom is not just in the pet-food segment, which alone is estimated to be at ₹4,000 crore and growing at 25 per cent.
Grooming services have mushroomed across cities and pet care platforms are offering everything from interactive toys to health supplements for the furry members of the family. Take for instance: Urban Animal which has launched DNA testing kits to ensure early detection of genetic ailments in dogs to increase their lifespan.
Anushka Iyer, Founder & CEO, Wiggles, said pet owners are now converting to being pet parents and this has provided a huge boost to the pet care industry.
“Apart from the food category, other segments like vet services, health and wellness, grooming and accessories have become a necessity and are seeing a steep growth. Even the tier-2 and tier-3 markets have been witnessing growth and increased awareness is a factor behind the growth of these markets,” she added.
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Viking, I believe you’re dead on with respect to macros (as well as everything else). Most recall that the driver behind the disastrous hedges was Prem’s macro call on the economy.
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Horn likely still belongs to the old shorting club. Still trying to recoup his losses.
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Don’t have an informed answer to your question but if looking to hedge you might want to consider construction products and services
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Short answer is likely yes however prem has said that Ffh will continue as if IFRs was not in place
Fairfax 2024
in Fairfax Financial
Posted
It was a part of a larger analysis on what to expect from cdn insurers this reporting season