Jump to content

Fairfax Financial Holdings posts 3Q profit


zippy1
 Share

Recommended Posts

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 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 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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...