Buying oportunity

[Daphne]

Did anyone notice that FFH is on sale??  Too bad the low volume will limit buybacks.

[Sportgamma]

I've been adding.

[gfp]

I've also been buying recently.  It has been nice that Fairfax has zigged when Berkshire has zagged for a while now. 

 

http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=frfhf&uf=0&type=2&size=2&sid=46408&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=757942313&compidx=aaaaa%3A0&comp=brk.b&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

[ourkid8]

Are you guys buying in USD or CAD? Stock is selling for CAD$685.90 which is USD$521.02 however the US listed stock is trading for $527.07.  Am I missing something why it is selling above the FX rate? 

[Sportgamma]

CAD

[ourkid8]

What is the price to book?  Sorry, i cannot say if it is on sale or not until we understand the multiple.

[Daphne]

Price to book is about 1.16

[Spekulatius]

My personal threshold to buy more is around $500 USD. My recent adds in the insurance sector were RE (at ~1.05 x tangible book) and BRK.B at $185

[ourkid8]

Fairfax repurchased 15, 318 shares @ $712.74 on Aug 7th. At the current price, let's hope Fairfax starts to get aggressive to bring down the share count.

[ourkid8]

Don't forget, you also need to account for their consolidated positions on their balance sheet. As of Dec 31, 2017 we were sitting on an unrealized gain of $1.233B. If you factor it in, the book value multiple looks even better!  :)

 

Price to book is about 1.16

[Dazel]

 

 

I don’t think Florence will be much gang for what it’s worth (I am no expert).....U.S reinsurers are rallying 3%ish...as the storm is downgraded. Fairfax has a big sensitivity to storms in its stock price some of it deserved from the past some not. I am fighting Prem for shares on this pullback...hope he wins big time...LOL.

Yes I am a sucker for buybacks.

 

Best of luck all.

 

Dazel