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Fairfax shares cross below book value


finetrader
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Just about every year you get to buy below book value at some point.Someday that won't happen anymore but for now it still does and it's worked out great for me.Every share I own has been bought at below BV at that time.I have a nice position that has been built over many years.Cheers

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I love it when it falls below book value as Mr. watsa is able to repurchase stock below book AND I am able to increase my position!!!  Yay!!!!

 

S

 

 

Just about every year you get to buy below book value at some point.Someday that won't happen anymore but for now it still does and it's worked out great for me.Every share I own has been bought at below BV at that time.I have a nice position that has been built over many years.Cheers

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Just about every year you get to buy below book value at some point.Someday that won't happen anymore but for now it still does and it's worked out great for me.Every share I own has been bought at below BV at that time.I have a nice position that has been built over many years.Cheers

 

Too true.

 

The losses on Rimm and Dell in the past couple of weeks add up to a couple of bucks per share.  In the meantime there is all of those juicy hedges, just in case the Fiscal Cliff gets real ugly.

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And concerning Fairfax, with all the respect that I have for management, for stock price to go up again, they will have to make some net investment gain. After about two years where they look quite a bit out of sync.

 

And this leads me to this tought: have you remarked that it is usually a good time to invest with good asset managers after they look stupid?

Bruce Berkowitz looked stupid at end of 2011, and it would have been a very good time to invest with him.

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FT, Sounds about right.  I am sure if Bill Miller hadn't left, he would have turned things around big time. 

 

Buffett has had his cycles as well, but has smoothed them over time. 

 

FFHs returns are going to come all at once, and no one is going to be able to time it very well.  Kind of like my own record, and yours I am sure. 

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Fiscal Cliff,

 

To me it's non issue.. Everybody knows that whoever gets elected will keep on with these high deficits. At least in the short term.

 

Just like the debt ceiling was a non issue?  Everyone knew that they wouldn't put the country in financial danger just over a debt ceiling debate,right? 

 

I wouldn't write off a fiscal cliff disaster yet.  If Obama wins he'll have to deal with the fillibuster happy Republican congress.  If Romney wins he'll have to deal with the Democratic Senate.  All in 2 weeks time right before the holidays...

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FFHs returns are going to come all at once, and no one is going to be able to time it very well.  Kind of like my own record, and yours I am sure.

 

I couldn’t agree with you more!

I know it happened many times in the past, but sincerely I don’t care: FFH trading below book value makes no sense at all. People just don’t do their homework, or are pseudo intellectuals who have never run a business in their whole life… If FFH stock price loses another 10%, I will double my firm’s stake in FFH. Let’s hope so!

 

giofranchi

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RIMM and Dell are definitly not the best ideas ... and what if all the Fed money currently printed will sometimes explode into stocks? Asset inflation followed by price inflation? Then the SP and CPI hedges will explode into our head. What, if nobody cares about valuation, and everybody seeks for some real assets? Main interest here: DO not hold ANY paper money.

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