Fairfax Invests in Mullen Group Debentures

[Parsad]

Fairfax bought $65M of a $125M debenture offering by Mullen.  Cheers!

 

http://www.newswire.ca/en/releases/archive/May2009/01/c7501.html

[Uccmal]

Mullen is a really well run outfit.  I have held the stock in the past and rebought it a couple of months ago.  I was curious to see Prem mention it at the AGM.  FFH must hold some common but not enough to be listed as a insider, yet. 

 

I just read their 2008 annual.  These guys are working toward being the largest logistics company in O&G in North America.  Unfortunately FFH's buying is driving the price up on me.