ubuy2wron Posted April 1, 2010 Share Posted April 1, 2010 Fairfax and Phoenix investments. It appears that FFH is creating a pretty sizeable stable of Phoenix like investments. Brick, Mega Blocks SFK Pulp, Canwest etc. A similar structure appears to be emerging where they hold less than 20% equity with a warrent that allows them to go over. Does this allow FFH to play with reported earnings in the future. If they exercise their warrent they will have to consolidate these Phoenix investments no? It is interesting because the market really gives zero value for Prems trading ability yet may provide a higher multiple for earnings that these phoenix investments may provide if run through a different set of accounts. Link to comment Share on other sites More sharing options...
Myth465 Posted April 1, 2010 Share Posted April 1, 2010 Im loving it. These are all ick / ew stocks. Low risks based on FFH capital base, but outsize returns should they work out. It looks like Brick and SFK Pulp will the others look like maybes still. Link to comment Share on other sites More sharing options...
beerbaron Posted April 2, 2010 Share Posted April 2, 2010 Don't forget Ridley... they seem to have increase their margins in the last quarter and the stock price has taken about 15%. Still trades well below BV. BeerBaron Link to comment Share on other sites More sharing options...
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