Alekbaylee

Starting to look interesting to me... :-\

Same thing for me as of yesterday. Tyska : I suggest you call your broker if the rights don't show up in your account by Monday.

http://www.tradingmarkets.com/news/press-release/ffh_frfhf_fbkzf_fairfax-receives-rights-pursuant-to-fibrek-inc-rights-offering-993494.html Fairfax Financial Holdings Limited (TSX: FFH | PowerRating)(TSX:FFH.U) has been issued, in respect of its current holdings of common shares ("Common Shares") of Fibrek Inc. ("Fibrek"), 17,443,300 rights ("Rights") to purchase an aggregate of 7,635,500 Common Shares at a price of $1.01 per Common Share pursuant to Fibrek's rights offering (the "Rights Offering") being conducted under a short form prospectus dated June 8, 2010. Fairfax currently owns and controls, in the investment portfolios of its insurance subsidiaries, 17,443,300 Common Shares, representing approximately 19.3% of the total Common Shares outstanding. Fairfax is also party to a standby purchase agreement (the "Standby Purchase Agreement") dated May 12, 2010 with Fibrek pursuant to which Fairfax has agreed, subject to certain terms and conditions, to purchase, at the subscription price of $1.01 per Common Share, all of the Common Shares not otherwise purchased pursuant to the Rights Offering at the expiration time on July 15, 2010. Assuming that no Rights are exercised pursuant to the Rights Offering, other than those owned and controlled by Fairfax, and that Fairfax is obligated to purchase the unsubscribed Common Shares under the Standby Purchase Agreement, Fairfax would own and control, in the investment portfolios of its insurance subsidiaries, 57,046,148 Common Shares representing approximately 43.9% of the total Common Shares outstanding. Fairfax received the Rights pursuant to the Rights Offering. The Standby Purchase Agreement has been entered into for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional Common Shares or other securities of Fibrek from time to time in accordance with applicable laws. Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. SOURCE: Fairfax Financial Holdings Limited

Lol! That's a good one... :D

Not sure if it's related, but the stock is up +10% in less than a month. Granted it was already at that level a few months before but seems to have more steam this time... Fly baby, fly... ;D

Again? What's for? Another buying? ??? http://www.tradingmarkets.com/news/press-release/ffh_frfhf_fairfax-launches-275-million-senior-notes-offering-991238.html

http://www.newswire.ca/en/releases/archive/March2010/25/c5250.html

I agree with you 200%

HAMILTON, Bermuda, March 24 /PRNewswire-FirstCall/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) estimates that its total net losses resulting from the Chilean earthquake will be in a range of $55 - $145 million pretax, or $40 - $105 million after tax. This range estimate, which is subject to foreign currency fluctuations, is based on industry insured loss estimates for the Chile quake of $6 billion to $12 billion and is net of all retrocessions and reinstatement premiums. White Mountains' estimated loss from Xynthia is $10 million pretax or $7 million after tax. http://www.prnewswire.com/news-releases/white-mountains-releases-preliminary-estimates-of-losses-caused-by-chilean-earthquake-and-european-windstorm-xynthia-89045292.html

Never heard of that before. Actually, I'd be quite mad... Alek

High volume today. hum... Institutional buyers or insiders?

"Market conditions for coated groundwood paper are challenging and despite the best efforts of our employees -- and these efforts have been commendable -- the mill continues to suffer from a weak cost position," Chief Executive John Williams said in a statement. http://ca.news.finance.yahoo.com/s/16032010/6/finance-domtar-close-mississippi-paper-mill-cut-jobs.html

Makes sense. Many thanks again.

Thanks bonechip1, I think that answers my question and confirms my gut feeling... http://www.jamiegolombek.com/articledetail.php?article_id=787 If the Canadian dollar continues to hold strong against the U.S. dollar until the end of the year, you may wish to sit down with your accountant and determine which conversion method gives the best results for you. Next April, that may depend on the amounts you received as well as the timing of those amounts. For example, say Barb received a total of US$10,000 up to Aug. 31, 2007. Using the monthly average Bank of Canada exchange rate of $1.1147 to the end of August, she would report $11,147 of income. Digging deeper, we learn that Barb had received US$8,000 of this income on Aug. 8, 2007 (rate $1.0499) and $2,000 back on Feb. 8, 2007 (rate $1.1853). Using the actual exchange rates on the dates Barb received her U.S. dollar income would translate to only $10,770, a reduction in income of $377 compared with the "average rate." While the average rate method is more convenient, it may be worth the trouble of hunting down those historical rates as it might save you some tax. Alek

Thanks Vanshon, From your experience, was it better to use the annualized average or the actual exchange rate at the time of the transaction? Something tells me the actual exchange rate at the date of the transaction should be better for us (i.e. pay less tax), but I'm not sure and want to avoid doing the whole work for nothing. Otherwise, I know for sure that once you choose one method, you have to stick with it, i.e. you can't use both for the buy and sell parts. Alek

Scorpion, I called the CRA last week and they said I could use any of the two methods. When I asked which one was better, the lady responded "well, it's up to you to decide" or something to that effect. Actually, was going to use the annualized average as it's much less complicated than the other method when you have to calculate every transaction almost twice (purchase/sale), but then it seemed to me that, because of the unusual moves of the canadian $ in 2009 (ups and downs), that using the actual exchange rate at the time of the transaction would be better for me (i.e. pay less tax). Hence my question. I'll check/read all the info/links you guys posted (thanks!). Alek

Y'all! Am in the process of filing my 2009 income tax statement and was wondering what would be more advantageous for me re-capital gains : taking the annual average US$-CAN$ exchange rate, or the actual exchange rate at the date of the transaction (buy or sale). The fact is the US/CAN $ exchange rate has moved up and down quite a few times during the 2009, from 1,25 to almost par, so I guess the choice may have a material effect on the check I'll be writing to CRA. Thanks in advance. Alek

More on the same lines... Laprade and Paul Quinn of RBC Capital Markets said the beneficiaries include Canfor Pulp (TSX: CRX-UN.TO), Tembec (TSX: TMB.TO) and SKF Pulp (TSX: SFK-UN.TO), Domtar (TSX: UFS.TO) and West Fraser Timber (TSX: WFT.TO). http://ca.news.finance.yahoo.com/s/12032010/2/biz-finance-canadian-pulp-producers-expected-benefit-prices-rise-due.html

Following the completion of the acquisition, Fairfax expects to continue to maintain approximately $1.0 billion in cash and marketable securities at the holding company level This looks good to me. Alek

http://ca.news.finance.yahoo.com/s/12022010/2/biz-finance-shaw-communications-buy-control-canwest-pay-its-creditors.html Would be curious to see the details...

Markel Corp. Q4 2009 Earnings Call Transcript http://seekingalpha.com/article/186727-markel-corp-q4-2009-earnings-call-transcript?source=yahoo

SJ, Looks like you were right...

For what??? http://www.bloomberg.com/apps/news?pid=20601087&sid=aQHb28f_UZo4&pos=4

http://www.nationalpost.com/m/story.html?id=2519662&s=Today's%20Newspaper Funny that they cite Fairfax, when there are tens of other stocks selling at same or higher price.

Not sure if anybody here follow this Co. Disclosure : I hold a small position and may add if the price further declines. White Mountains Reports Adjusted Book Value Per Share of $417, Up 18% in 2009 http://www.prnewswire.com/news-releases/white-mountains-reports-adjusted-book-value-per-share-of-417-up-18-in-2009-83431952.html