Value Line

[CharlieMunger]

Value Line is now covering Fairfax! 

[SafetyinNumbers]

On 5/24/2025 at 1:39 PM, CharlieMunger said:

Value Line is now covering Fairfax! 

How does it look?

[CharlieMunger]

Good.  This should bring a little more interest to Fairfax, mostly from small investors.  They are showing an increase in valuation of between 9% and 18% per year for the next 4-5 years.  I don't believe that includes the dividend.

 

 

[Hoodlum]

I see that they don’t cover Intact Financial.  I wonder how they determine which Canadian stocks to cover. 

Edited May 26, 2025 by Hoodlum

[MMM20]

18 hours ago, SafetyinNumbers said:

How does it look?

 

[CharlieMunger]

Thanks MMM20!

 

Some numbers are in Canadian dollars (estimated values and current price) while the table seems to be in US dollars!   Very interesting!

[cwericb]

Well something has stirred a lot of interest in FFH today. as of lunchtime:

Fairfax is up $62.67C or 2.7% to $2,385C

 

[SafetyinNumbers]

Just now, CharlieMunger said:

Thanks MMM20!

 

Some numbers are in Canadian dollars (estimated values and current price) while the table seems to be in US dollars!   Very interesting!

Thanks for sharing @MMM20. The P/E and P/B don’t adjust for FX so it makes the multiple look higher than they are but still screens cheap. 
 

@mananainvesting also pointed out to me that they expect share issuance every year which seems unlikely as they tend to buyback enough to offset the vesting of stock awards with buybacks for treasury.

 

That being said, it seems like being added to Valueline helps BRK shareholders switch some of their holdings over which may be helping with recent momentum.

[SafetyinNumbers]

4 minutes ago, cwericb said:

Well something has stirred a lot of interest in FFH today. as of lunchtime:

Fairfax is up $62.67C or 2.7% to $2,385C

 

CIBC index analyst also highlighting today FFH is their top pick for the 60 if the index committee decides to delete AQN. That might be helping too. Each time the index arbs decide to play, they find there are less shares available to buy. 

[villainx]

9 minutes ago, SafetyinNumbers said:

CIBC index analyst also highlighting today FFH is their top pick for the 60 if the index committee decides to delete AQN.

 

Is it going to be this time?

 

 

[SafetyinNumbers]

11 minutes ago, villainx said:

 

Is it going to be this time?

 

 

I’m less confident than I have been on the last three reviews so probably? AQN has been hanging around 20bp the whole time and S&P made a change to allow RBA to qualify so there is more competition.