KFRCanuk Posted January 3 Posted January 3 (edited) I wonder where they will end up on the list at the end of 2024. Will the market cap beat yoga pants? https://companiesmarketcap.com/canada/largest-companies-in-canada-by-market-cap/ FFH is currently at position 34 with $22.52 B while yoga pants is at 10 with $62.84 B. List looks to be USD. Edited January 3 by KFRCanuk
KFRCanuk Posted March 4 Author Posted March 4 Yoga pants is down to 14th while FFH is up to 30th. When will FFH beat Yoga pants?
KFRCanuk Posted October 4 Author Posted October 4 (edited) Yoga pants is down to 25th with $33.19 B market cap. FFH is up to 28th with $31.96 B market cap. FFH is beating Great-West Life who are now at 29th with $31.75 B market cap. Edited October 4 by KFRCanuk added -
Haryana Posted October 5 Posted October 5 Quite a milestone to the overtake the Great-West Lifeco. Next, overtaking National Bank will be a great one as they are one of the major banks.
UK Posted October 5 Posted October 5 It is such a relief sometimes to remember it is still only ~30 B and not some ~300 B already:)
nwoodman Posted October 5 Posted October 5 2 hours ago, UK said: It is such a relief sometimes to remember it is still only ~30 B and not some ~300 B already:) I think it is a sweet spot for proficient float based allocators. It would be interesting to inflation adjust Berkshire and see what they managed to compound in the $US25->100bn range. Different times of course but lots of deals in the $1-5bn space for the prepared mind and that is without taking EM into account.
UK Posted October 5 Posted October 5 14 minutes ago, nwoodman said: I think it is a sweet spot for proficient float based allocators. It would be interesting to inflation adjust Berkshire and see what they managed to compound in the $US25->100bn range. Different times of course but lots of deals in the $1-5bn space for the prepared mind and that is without taking EM into account. +1
nwoodman Posted October 5 Posted October 5 Not a bad attempt, even if it is by an Australian https://www.firstlinks.com.au/warren-buffett-lost-edge-20-years-ago
SafetyinNumbers Posted October 5 Posted October 5 I’m glad I got on the record after the AGM that FFH had a great shot at outperforming BRK when it reached the same market cap ~30 years ago benefiting from a lower starting valuation and dramatically bigger float. I hoped it would inspire some long term thinking but most people are concerned about avoiding short term drawdowns. Article attached if anyone is interested. FFH G&M 5.1.24.pdf
villainx Posted October 5 Posted October 5 The idea of inflection point reminds me of what Munger said about getting to 100,000. Except no easing off gas with Prem.
nwoodman Posted October 5 Posted October 5 1 hour ago, SafetyinNumbers said: I’m glad I got on the record after the AGM that FFH had a great shot at outperforming BRK when it reached the same market cap ~30 years ago benefiting from a lower starting valuation and dramatically bigger float. I hoped it would inspire some long term thinking but most people are concerned about avoiding short term drawdowns. Article attached if anyone is interested. FFH G&M 5.1.24.pdf 4.41 MB · 14 downloads I was probably channeling your article in my comments above. Given so much good writing by others it is rare to have a unique view on Fairfax, well done again.
SafetyinNumbers Posted October 5 Posted October 5 Thanks but I'm sure I was also channeling your views and others on the board in the article!
dartmonkey Posted October 6 Posted October 6 On 10/4/2024 at 5:01 PM, KFRCanuk said: Yoga pants is down to 25th with $33.19 B market cap. FFH is up to 28th with $31.96 B market cap. FFH is beating Great-West Life who are now at 29th with $31.75 B market cap. I see Great-West Life as still maintaining a sizeable lead over Fairfax, with a market cap of $43b - maybe you are looking at the US listing with the market cap in USD? They are another obstacle for getting into the TSX 60, I suppose. If they accepted a heavier overweighting for financials, wouldn't GWO get first dibs? Another reason for changing Fairfax to Chicken and Mattresses Co.
villainx Posted October 6 Posted October 6 11 hours ago, SafetyinNumbers said: I’m glad I got on the record after the AGM that FFH had a great shot at outperforming BRK when it reached the same market cap ~30 years ago benefiting from a lower starting valuation and dramatically bigger float. I hoped it would inspire some long term thinking but most people are concerned about avoiding short term drawdowns. Article attached if anyone is interested. FFH G&M 5.1.24.pdf 4.41 MB · 71 downloads Not too exhaust topic, but did Markel had similar inflection path? I'm assuming not because as much as folks want, Markel isn't Berkshire or Fairfax.
Haryana Posted October 6 Posted October 6 46 minutes ago, dartmonkey said: I see Great-West Life as still maintaining a sizeable lead over Fairfax, with a market cap of $43b - maybe you are looking at the US listing with the market cap in USD? They are another obstacle for getting into the TSX 60, I suppose. If they accepted a heavier overweighting for financials, wouldn't GWO get first dibs? Another reason for changing Fairfax to Chicken and Mattresses Co. Firstly FFH is also 43bb in CaD, you could do either use CaD or UsD but use the same for both. Secondly, GreatWest is already in Tsx60 indirectly via PowerC.
dartmonkey Posted October 6 Posted October 6 9 minutes ago, Haryana said: Firstly FFH is also 43bb in CaD, you could do either use CaD or UsD but use the same for both. The comparison should be the same, whether in USD or CAD, and in CAD, I see GWO as being $43.1b and FFH at $40.6, but maybe they were reversed when you commented. And the TSX doesn't use market cap, they make some kind of adjustment for float, so who knows which is first on that basis. 9 minutes ago, Haryana said: Secondly, GreatWest is already in Tsx60 indirectly via PowerC. OK, thanks, I didn't know that.
Haryana Posted October 6 Posted October 6 16 minutes ago, dartmonkey said: ..., I see GWO as being $43.1b and FFH at $40.6, ... Just did a simple quote lookup - https://www.theglobeandmail.com/investing/markets/stocks/ffh-T/ - now showing $M43,397 And https://www.theglobeandmail.com/investing/markets/stocks/gwo-T/ - now showing $M43,111
nwoodman Posted October 6 Posted October 6 On 10/5/2024 at 7:01 AM, KFRCanuk said: Yoga pants is down to 25th with $33.19 B market cap. FFH is up to 28th with $31.96 B market cap. FFH is beating Great-West Life who are now at 29th with $31.75 B market cap. Lot of scalps in the low 30b’s to take out. It’s probably inconsequential, for the moment, but fun to watch. https://companiesmarketcap.com/canada/largest-companies-in-canada-by-market-cap/
dartmonkey Posted October 6 Posted October 6 (edited) On 10/5/2024 at 9:52 PM, Haryana said: Just did a simple quote lookup - https://www.theglobeandmail.com/investing/markets/stocks/ffh-T/ - now showing $M43,397 And https://www.theglobeandmail.com/investing/markets/stocks/gwo-T/ - now showing $M43,111 Funny, maybe the TSX site is actually using their float adjustment, I get : Edited October 7 by dartmonkey remove extra copy of same graphic
dartmonkey Posted November 1 Posted November 1 A bad day for the fans of share repurchases, but a nice day on the TSX60 waiting list, moving up 5 spots, passing 2 financials that are in the index (National Bank! and Sun Life), 1 financial that is in the list via Power Corp (Great-West Lifeco) and nipping at the heels of another, Intact. 1
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