Alekbaylee
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Posts posted by Alekbaylee
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Bad timing?
Pursuant to its existing normal course issuer bid for its Subordinate Voting Shares, Fairfax has purchased 127,309 of its Subordinate Voting Shares and 376,610 of its Series E Shares during the last twelve months at weighted average prices per share of Cdn.$671.76 and Cdn.$16.89, respectively.
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It would be a good idea for Fairfax to release an update on their hedging portfolio with the vote for the Watsa family voting structure results today to let their investors know how the hedges are performing.
Or buy back some of their shares before they rebound. ;)
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If the reversal is of the same magnitude as in 2006-2008 (roughly x10 unrealized loss), we stand to win big. :P
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Fairfax has started a position in Biglari. ???
http://www.octafinance.com/top-fairfax-financial-holdings-can-8-positions-in-q2-2015/160266/
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If there were a hypothetical $1000 offer on the table for fairfax, some posters seem like they might jump at it and rationalize etc. For those of us that think of the fairfax shares as permanent holdings that will serially compound for the next 15-20 yrs not so much. That buyout is the scenario that this eliminates.That is fine by me in the case of this owner/operator who has earned rather than grabbed at my trust.
You nailed it Txvestor.
Some of us see themselves as true partners of Prem/Fairfax ala Berkshire and are here for the long run whereas other see their stake as just a mere investment in X company salable at the Y price.
Nothing wrong in that of course, just 2 different ways of thinking/investing. But Prem can't be blamed either to work more for the former than the latter. :)
Cheers
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Thanks Sanjeev. My broker is supposed to check with them and get back to me tomorrow.
Hopefully I'd be able to vote YES.
Although there were times where I didn't agree with their decisions (i.e. FIBREK), the more I hold Fairfax (close to 15 years now) the more I like it and I trust their decisions. Prem is really an inspiring person IMO.
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weired. Just checked with my broker and they did not receive any proxy documentation form Fairfax to disseminate to their clients.
So here I am not able to make my voice heard.
Is anyone experiencing the same situation?
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I didn't get my proxy.
Mail service has been terrible in my area although urban) lately. :(
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Article detailing Fairfax stake in Greece.
http://ca.reuters.com/article/businessNews/idCAKCN0P92CT20150629
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Looks like Markel sold out of FFH. Could have pushed the price down a bit.
Sold Positions
Tom Gayner’s fund sold its stakes in Fairfax Financial Holdings Ltd (FRFHF), Expeditors Int’l Wash Inc (EXPD), Brown & Brown (BRO), Liberty Global Plc and Nicholas Financial (NICK). These securities constituted 3.86%, 0.16%, 0.14%, 0.04% and 0.02% of the fund’s portfolio, respectively. We can only speculate about the reasons for this selling but we believe it has to do with either value, momentum or a better place for Markel Corp’s capital.
http://www.octafinance.com/markel-corp-top-10-13f-positions-in-q1-2015/43713/
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Dunno but Fairfax is poised to gain big if a Canada-India free trade were to materialize...
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Could that be regulatory issues post-acquisition?
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Interesting. I'm exactly the opposite. I tend to not buy stuff, because it depreciates at a fast schedule, and ends up worthless. However, I tend to buy much more travel than the average person of my income, because the value I associate with it (memories) are timeless and last forever. The not spending on stuff (cars, gadgets, etc) funds the travel and increased savings compared to the average.
Could have written this. Exactly my case. And it pisses me off when people ask me "how I can afford to travel as much". Well I just bought my first flat screen TV a month ago and still have a 2008 laptop, no smartphone, etc.
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Go on kijiji. Find a seller who put a (fairly high) down payment on his lease but needs to get rid of his car. Take back the lease - you end up with low monthly payments.
That's what I did a few years ago: took back the 48 months lease of a Golf that had still 2,5 years to go, for $220/month. The guy had made a $3000ish down payment to keep his payments low but needed to sell.
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Minimum for investment with Giverny is 250 000 CAD.
Really?
Used to be CAD 100 000 a few years ago.
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NEW DELHI | MUMBAI: A host of potential buyers have lined up to buy global security and protection company Brink's' cash management business in India, as the Richmond, Virginia (US)-headquartered firm looks to hive off the unit as part of global strategic review. Hitachi-owned payment services provider Prizm Payments, Thomas Cook India and cash logistics major SIS Prosegur are among those that have expressed a strong interest in acquiring the venture, according to two sources.
http://www.vccircle.com/news/general/2015/03/11/fairbridge-capital-raises-stake-thomas-cook-7477
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Could have made a quick buck: 40% up in a month or so.
Oh well, too bad!
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Sad day...
RIP!
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Why can't Prem and his family "survive" by selling a tiny portion of their family holdings in FFH instead of forcing a taxable dividend on all shareholders?
Why do most people choose to borrow money from the bank to buy a car, furniture or even a house when they could sell a few shares and pay these items cash? Because they have objectives and a plan and stick to both.
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I disagree. I like the divvie and would actually like to see it raised to 3% but don't think it will happen soon.
I can use that money for whatever purposes I see fit or reinvest in FFH shares if I want to.
Shareholders have different situations, objectives and time horizon.
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Bravo Sanj!
It's the only board I read and enjoy!
Anyone concerned with Syrian refugees into the US?
in General Discussion
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