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smo001

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  1. Amecham, Which three newspapers do you subscribe to? Thanks.
  2. Sanjeev, Thank you. From what I've read about Francis he sounds like a hell of a guy. As a Fairfax shareholder I wouldn't mind having him on the board at all. ;D
  3. Thanks for sharing biaggio. Great read. When I skimmed through his shareholder letter I found this. REDEMPTION FEE: We have a redemption fee of 2% if unitholders redeem their units in less than two years. None of this fee goes to the Fund Manager. It is put back into the Fund for the benefit of the remaining unitholders. Talk about shareholder friendly. I guess Sanjeev is right. Chou is one of a kind!
  4. alertmeipp, Sorry not sure how you can short Vancouver RE but you can for certain US cities. http://www.cmegroup.com/trading/real-estate/files/RE-106_housingFCround2.pdf
  5. Grenville, I just checked my etrade account and you can buy them there. Go to the link below and type in "fairfax" under "Corporate Price Data." It'll pop open another window and show the outstanding issues for Fairfax. If you're using a discount broker run the search with the cusip rather than the name to ensure you will get the exact issue you want. Happy shopping! http://www.investinginbonds.com/marketataglance.asp?catid=34
  6. Hope everyone is having a good weekend. Enjoy! http://www.youtube.com/watch?v=iDmJcDvaBGU&feature=player_embedded
  7. Humble pie tastes like crap. Need have my head examined. Cheers!
  8. http://pensionpulse.blogspot.com/2011/03/have-hedge-funds-grown-too-large.html "One hedge fund executive told Reuters his firm's flagship fund, once several billion dollars in size, used to break up trades between a number of brokers or initially sell a small amount of the stock -- which could give the market the impression it planned to sell more -- before buying heavily." I guess this goes with the old adage, what's your edge?
  9. http://www.newyorker.com/talk/financial/2011/03/28/110328ta_talk_surowiecki
  10. Whoa. Who said anything about marriage? I just wanted a new car. ;D
  11. Haha lol I guess my point is if CCME were to open tomorrow and start trading at a few pennies per share and the information available stayed the same, I'm sure there would be some people who would be willing to put 0.001% of their portfolio in it. The loss wouldn't be a huge impact to the portfolio and the potential upside could be huge. Agreed it's still an ugly girl. But that ugly girl may have a rich father who can afford botox.
  12. Myth, Touche. I'm not touching this one as their is way to much risk but it's been an interesting story to follow.
  13. Can't anything be a good investment at the right price? So even at $1.00/share or $0.01/share wouldn't someone be willing to purchase CCME? One mans trash is another mans treasure and no two investors will always agree. Then again isn't investing speculating to a degree? Difference being we just look for mispriced bets.
  14. WM has listed environmental liabilities of $1.4 billion as of the the most recent 10-K. The company has produced $1 billion in free cash flow for the last five years. I don't think they will be that hard to swallow down the road. If you factor in inflation the costs go up. With their pricing power I'm sure they'll be able to keep up.
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