Fairfax Financial

(A Top Pick Feb 05/19, Down 7%) He still likes it. It is a very well run company. Today their insurance business is as strong as it has ever been. They've been doing a good job monetizing some investments on the investment side of the business. It is trading at book but peers are trading at 1.5 times book.

(A Top Pick Sep 12/19, Up 2%) He still thinks Prem Watsa will deliver. FFH has a global reach and long-term commitment to India. $540-600 band is supportive, but he's looking for upside above $600-620. If so, this could go to $800.

Insurance and hedge businesses lead to some volatility in earnings. The chart doesn't show much, neutral, and doesn't indicate much opportunity. Can't see it going up or down. It's stuck in a range.

A catalyst? His model price is $571, so it is a little expensive here. The story is stale he thinks and expects it to continue to be range bound.

Three-year time horizon. He sold this, because it wasn't performing, failing to reach 2018 highs. Doesn't see a sign of that happening...yet. He's neutral on it, but look elsewhere.

He sold this recently. The stock has a pattern of bouncing off support at $550. That was broken recently so he exited. It may still rally back to $700, but he has moved his money elsewhere.

It's suffering. It's a "black box" with insurance and investment sides; the latter has had a checkered performance. It had a big dip in the past 12 months. It does well in relatively poor markets, though. Maybe it's a buy on a pullback.

(A Top Pick Jul 16/19, Down 9%) FFH took a haircut from Blackberry's stock decline, but he still likes FFH. FFH's chart routinely bounces off $550 up to around $720.

It peaked in mid-2018, and has been in a downtrend since. Currently, it is testing a support level; watch it if it falls below that. Not excited about this stock.

He is looking at Fairfax India, where there is better value. There is better places to go he feels than FFH-T. They have been pressured by recent interest rate moves.

It is trading at a really good level. The risk/reward is pretty good. Their compounding growth had been lacking compared to earlier periods but right now everything is lined up. (Analysts’ price target is $752.89)

He admires the company. The problem the market has is that the earnings can be so erratic. In the latest quarter they had some non-cash gains due to consolidation. The value of the stock will follow the underlying book value of the company which has continued to climb over the years.

(A Top Pick Jul 23/18, Down 15%) It's an India play. He's owned this a long time. A well-run company. He's been buying the dips; now is the best time to buy this. Their insurance business boasts strong combine ratios. American insurance companies trades at 1.6x book vs. FFH trading below book value. They have big investments in India and globally. They have other direct investments in India, and he's confident about that country's long-term. Now is the best time to buy FFH in 10 years.

The chart has big swings but definite patterns. It will likely reach low-$700's again. Great to own for the coming year. (Analysts’ price target is $762.34)