Tag Archives: ffh.to

Fairfax financial announces 10% share buyback

On Sept 22 Fairfax Financial announced a 10% share buyback. Details here. As most of you know, in previous posts I’ve discussed why Fairfax is a great undervalued business. Currently the shares are trading at about 1.05 times Q2 2011 ending book valued of $358. If business for Fairfax just stays flat then the buyback plus the current dividend of about 2.7% would potentially generate a 12.7% return over the next year. Not too shabby in the current environment. When they report Q3 2011 results next month I think there are good odds that the book value of the business … Continue reading

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Fairfax Q2 2011 results

My apologies for the lack of posting lately. I’ve had some significant repair issues with the RV and have been spending most of my time at a repair shop and re-routing travel plans for the next 2 months. So, I figured I’d jump in with a post on my favorite under valued insurance company. Fairfax Financial reported Q2 2011 results after the close yesterday. The press release can be found here. From the release; Fairfax Financial Holdings Limited (TSX: FFH)(TSX: FFH.U) announces net earnings of $83.3 million in the second quarter of 2011 ($3.40 per diluted share) compared to net … Continue reading

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Is Fairfax Financial a better value than Berkshire?

Top quality insurance companies are among the best values in the market today. I’ve written about Fairfax Financial before as the best stealth dividend stock in the world and about their CEO, Prem Watsa, who is often called the Warren Buffett of Canada. As it turns out, Berkshire Hathaway is pretty darn cheap these days as well. So, I thought I’d compare these two stellar companies side by side to see which one is the better value today. First, lets look at Berkshire. A recent valuation analysis from top value investor Whitney Tilson gave me the idea for this post. … Continue reading

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Fairfax Q1 2011 Results – better than first blush

Fairfax Financial (FFH.TO, FRFHF.PK) reported Q1 2011 interim results on April 28, 2011. The press release can be found here. Below is the high level summary from the press release. Fairfax Financial Holdings Limited (TSX: FFH)(TSX: FFH.U) announces a net loss of $240.6 million in the first quarter of 2011 ($12.42 per diluted share) compared to net earnings of $418.4 million in the first quarter of 2010 ($20.38 per diluted share). The decrease in earnings arose primarily from the impact of $311.3 million of pre-tax ($217.7 million after tax) Japan earthquake losses net of reinsurance and reinstatement premiums and from … Continue reading

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Fairfax reports 2010 results – still a screaming buy

Fairfax Financial (FFH.TO or FRFHF.PK) reported results for 2010 a week or so ago. Before commenting on the results, I had been waiting for the annual letter from Chairman Prem Watsa and over the weekend it was posted to the site. I’ve posted on Fairfax before (here and here) and I called them a great stealth dividend stock. Well, despite posting ‘weak’ results for 2010 Fairfax continues to be undervalued, a great long term investment, and still a great stealth dividend stock. First, I highly recommend reading Prem Watsa’s annual letter for yourself. He’s not called the Warren Buffet of … Continue reading

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Fairfax declares 2010 dividend of $10

Quick post this morning on some worthwhile news this week out of my stealth dividend darling Fairfax which I posted on here. On January 5th 2011Fairfax Financial Holdings (FFH.TO on the TSX or FRFHF.PK in the US) declared its annual 2010 dividend. The full press release is here. The 2010 dividend is $10 USD per share, the same dividend level as 2009. Based on Friday’s US closing price of $407 US per share, the dividend yield on the shares is a nice 2.5%. I didn’t expect the maintenance of this high dividend level (at least for Fairfax) after the massive … Continue reading

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Fairfax Financial – possibly the best stealth dividend stock in the world

Today I wanted to talk about one of the stocks on my Christmas wish list. This investment is a good example of how some good detailed homework can find you some great investments. Lets jump right in. What if I told you that right now you could invest in Berkshire Hathaway at a tenth of its size, run by a Buffet-like manager with a similar investment track record, and that pays a significant dividend that not many are aware of? Intrigued? Let me introduce you to Fairfax Financial. Fairfax is a Canadian holding company whose holdings are comprised mainly of … Continue reading

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Christmas wish list, part one

At this time of year our thoughts usually turn to the holiday festivities, family gatherings and such. While no different for me, I usually have one more activity at this time of year that puts me in the Christmas spirit, the creation of an investing wish list. Making an investment wish list, in this case a Christmas wish list is a great investment activity. Its like investment practice, or studying for an exam. With such a list at hand when an opportunity presents itself you will be ready to pounce. The list does not need to be detailed but should … Continue reading

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