Watsa conundrum

[moore_capital54]

moore_capital54,

 

The companies you mentioned are not headquartered in any of the troubled PIIG countries. In your opinion what would happen to the valuations of companies located in the PIIG countries that exit the EURO, like Total in France???  It seems like Total's valuation is unduly depressed. Could it be France's possible exit from the Euro??

 

Its entirely dependent on each respective company and their balance of payments IE: are they an exporter or a domestic business.. I can see a scenario where a company is worth more on a depreciated currency IE: A Lira or Drachma...