Daphne Posted September 7, 2018 Share Posted September 7, 2018 Did anyone notice that FFH is on sale?? Too bad the low volume will limit buybacks. Link to comment Share on other sites More sharing options...
Sportgamma Posted September 7, 2018 Share Posted September 7, 2018 I've been adding. Link to comment Share on other sites More sharing options...
gfp Posted September 7, 2018 Share Posted September 7, 2018 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 Link to comment Share on other sites More sharing options...
ourkid8 Posted September 7, 2018 Share Posted September 7, 2018 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? Link to comment Share on other sites More sharing options...
Sportgamma Posted September 7, 2018 Share Posted September 7, 2018 CAD Link to comment Share on other sites More sharing options...
ourkid8 Posted September 7, 2018 Share Posted September 7, 2018 What is the price to book? Sorry, i cannot say if it is on sale or not until we understand the multiple. Link to comment Share on other sites More sharing options...
Daphne Posted September 7, 2018 Author Share Posted September 7, 2018 Price to book is about 1.16 Link to comment Share on other sites More sharing options...
Spekulatius Posted September 7, 2018 Share Posted September 7, 2018 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 Link to comment Share on other sites More sharing options...
ourkid8 Posted September 9, 2018 Share Posted September 9, 2018 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. Link to comment Share on other sites More sharing options...
ourkid8 Posted September 9, 2018 Share Posted September 9, 2018 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 Link to comment Share on other sites More sharing options...
Dazel Posted September 13, 2018 Share Posted September 13, 2018 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 Link to comment Share on other sites More sharing options...
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