Crip1 Posted December 23, 2009 Posted December 23, 2009 Does anyone see why (besides general undervaluation) Fairfax has risen over 11% in the past 7 trading days? -Crip
tyska Posted December 23, 2009 Posted December 23, 2009 Does there really need to be another reason. Would hate to say there is a pattern but it ran up towards the div last year then fell off. We are still below the high it hit in that run-up with a lot more value in the company. Dan
Santayana Posted December 23, 2009 Posted December 23, 2009 Well today's runup is due to the fact that I sold some shares yesterday. ;) But in general I would guess that it's due to optimism around the q4 earnings.
Smazz Posted December 23, 2009 Posted December 23, 2009 believe it or not, fund managers at year end buy into winners so when their clients complain about their performance they can say "look, we own FFH, we own XYZ" I shit you not it happens!
tyska Posted December 23, 2009 Posted December 23, 2009 believe it or not, fund managers at year end buy into winners so when their clients complain about their performance they can say "look, we own FFH, we own XYZ" I shit you not it happens! Can't seem to find "XYZ" :) Slow day.
Alekbaylee Posted December 23, 2009 Posted December 23, 2009 Or may be due to that : Ghosts of Fairfax Financial: Now, Hedge Funds Scurry to Sever Ties with SAC Capital http://www.marketrap.com/article/view_article/91190/ghosts-of-fairfax-financial-now-hedge-funds-scurry-to-sever-ties-with-sac-capital
KFRCanuk Posted December 23, 2009 Posted December 23, 2009 There is also the coming dividend. I'm not sure if that factors into large investors decision making process.
Smazz Posted December 23, 2009 Posted December 23, 2009 believe it or not, fund managers at year end buy into winners so when their clients complain about their performance they can say "look, we own FFH, we own XYZ" I shit you not it happens! Can't seem to find "XYZ" :) Slow day. They were bought out by the Acme glue company http://www.blueprintpodcast.com/blog-images/coyote-glue.jpg
Guest ValueCarl Posted December 23, 2009 Posted December 23, 2009 This foolish fund manager nonsense might all be true; however, I am sure there is a back office machination going on that ties to Stevie Cohen and his miscreants. This might not end before $600 pps. BTW, where's the dividend announcement????
KFRCanuk Posted December 23, 2009 Posted December 23, 2009 BTW, where's the dividend announcement???? Here are the amounts of the years past Date Paid Amount Jan 8, 2002 $1.00 Jan 9. 2003 $1.50 Jan 12, 2004 $1.40 Jan 12, 2005 $1.40 Jan 3, 2006 $1.40 Jan 23, 2007 $2.75 Jan 5, 2008 $5.00 Jan 16, 2009 $8.00 This year it wasn't announced until January 6th http://www.fairfax.ca/Assets/Downloads/Press/fpr2009-01-06.pdf
Cardboard Posted December 23, 2009 Posted December 23, 2009 I don't know about the last 7 trading days, but looking at the chart, I would say that today it had something to do with someone having a delicious breakfast in Vancouver. ;) Merry Christmas to you all! Cardboard
Guest Dazel Posted December 23, 2009 Posted December 23, 2009 We have never had a higher concentration of Fairfax! Cheers to the blue chip club and 1.3 times book in 2010! Merry Christmas to all and a Happy and very prosperous New Year! Dazel.
ubuy2wron Posted December 23, 2009 Posted December 23, 2009 If a settlement offer was coming re the FFH lawsuit would it not make sense that the parties offering settlement buy shares in FFH as a meaningful settlement would have a positive influence on the price. Just a thought.
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