Luckyone77 Posted March 3, 2015 Share Posted March 3, 2015 Sandridge was downgraded to zero value in this guys opinion. Never really understood the investment here and the fascination with Tom Ward (no longer with the company). The big blustering ego red flags surrounded the guy. In addition, it appears that Fairfax actually purchased more of it in the last qtr of 2014. Huh? I'm a Watsa fan but some of these investments are simply baffling. In this sense, he has a decidedly different approach from Buffett who believes in buying great companies at a fair price. Too often lately, it appears he's buying average (at best) and dying companies at a high price. Dell, Blackberry and Sandridge all come to mind. Maybe in time he'll be vindicated but I wonder if he shouldn't adhere to Mungers advice to Buffett a little more. http://www.thestreet.com/story/13064256/1/shale-oil-bust-enters-phase-two-led-by-hercules-and-sandridge.html?puc=yahoo&cm_ven=YAHOO Link to comment Share on other sites More sharing options...
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