Prem comments on FFH and Greece

[Zorrofan]

Prem comments on Greece and FFH investments there.....

 

http://www.theglobeandmail.com/report-on-business/international-business/fairfax-ceo-calls-on-greece-to-remove-uncertainty-clinch-debt-deal/article25045991/

 

cheers

Zorro

[klarmanite]

 

Looks like a maximum 5-7% hit to book values altoghether (if all positions go to zero, more like 7%). I think we can assume Eurobank is toast.

 

The letter to shareholders spells out the exposure in detail, so unless new positions were made this year - let's hope not - stockholders should be fine.

 

Maybe we can hope for an overreaction from Mr Market.

[Alekbaylee]

Article detailing Fairfax stake in Greece.

 

http://ca.reuters.com/article/businessNews/idCAKCN0P92CT20150629

[KinAlberta]

I wonder if their current stakes may give them any leverage to expand their exposure at a further discount.