zippy1 Posted November 4, 2016 Share Posted November 4, 2016 http://finance.yahoo.com/news/fairfax-financial-holdings-posts-3q-090344501.html TORONTO (AP) _ Fairfax Financial Holdings Ltd. (FRFHF) on Thursday reported third-quarter net income of $1.3 million. The Toronto-based company said it had profit of 42 cents per share. Earnings, adjusted for non-recurring costs, came to $5.17 per share. The financial services holding company posted revenue of $2.43 billion in the period. Fairfax Financial Holdings shares have climbed 9 percent since the beginning of the year. The stock has risen 4 percent in the last 12 months. Link to comment Share on other sites More sharing options...
wisdom Posted November 4, 2016 Share Posted November 4, 2016 FFH dumps 90% of long dated US treasuries on Thursday. Link to comment Share on other sites More sharing options...
Grenville Posted November 9, 2016 Share Posted November 9, 2016 FFH dumps 90% of long dated US treasuries on Thursday. Props to Brian & Prem on liquidating the long bonds… Decent move in the 30yr rate 7.8% to 2.83 Link to comment Share on other sites More sharing options...
karthikpm Posted November 10, 2016 Share Posted November 10, 2016 So why is Fairfax down so much in the last 3 days despite timing their bond sales so well Link to comment Share on other sites More sharing options...
rb Posted November 10, 2016 Share Posted November 10, 2016 Hedges Link to comment Share on other sites More sharing options...
Hoodlum Posted November 10, 2016 Share Posted November 10, 2016 More likely getting they are getting grouped in with the rest of the insurance industry who are getting killed on their long bonds. Link to comment Share on other sites More sharing options...
benhacker Posted November 10, 2016 Share Posted November 10, 2016 More likely getting they are getting grouped in with the rest of the insurance industry who are getting killed on their long bonds. Insurance stocks up much > market in last few days... I don't think what you said is a thing. KIE as a proxy is up 5+% No insight on why Fairfax is down other than the obvious that it trades at a premium valuation to book, and is perceived as a deflation and market hedge... neither of which is valuable (opposite actually) in the last few days. Link to comment Share on other sites More sharing options...
petec Posted November 11, 2016 Share Posted November 11, 2016 More likely getting they are getting grouped in with the rest of the insurance industry who are getting killed on their long bonds. Insurance stocks up much > market in last few days... I don't think what you said is a thing. KIE as a proxy is up 5+% No insight on why Fairfax is down other than the obvious that it trades at a premium valuation to book, and is perceived as a deflation and market hedge... neither of which is valuable (opposite actually) in the last few days. Agreed. Rather misses the point that inflation is a much better environment for the insurance business than deflation, and FFH is sitting on nearly it's entire market cap in cash in a volatile market - talk about an elephant gun. Link to comment Share on other sites More sharing options...
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