RE: FFH and all the cash they have unallocated....
Has anyone made a table of the CDS bonanza (about 500M I think) and the investments made after that period, such as BRIC, Canwest, (maybe more in SFK) ?Torstar and backstopping H&R...
I seems to me that that 500M is well spoken for... The yield is known and the risk varies.. hence the lack of spark in the stock. It almost always starts to wane in the hurricane season, which will not really in the headlines till September, starts right now as I recall officially.
While the exoginous things outside of the business model have now waned, the overall business model worries will now appear.. combined ratio and all of that.
