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Buying oportunity


Daphne
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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

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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

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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

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