Fairfax Financial
FFH-T
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About Fairfax Financial (FFH-T)
Fairfax Financial is a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, and life insurance and reinsurance, investment management, and insurance claims management.
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Expert
TOP PICK
TOP PICK
April 23, 2019
It's well-run. Their insurance side has improved a lot and is more profitable. Their investment portfiolio has been challenging in the last two years, but their long-term record is exceptional, so he has faith in it. The stock is trading close to its book value and the lowest in 7 years. He expects its coming quarter report to be strong, because their investments like BlackBerry have moved up a lot. (Analysts’ price target is $756.20)
It's well-run. Their insurance side has improved a lot and is more profitable. Their investment portfiolio has been challenging in the last two years, but their long-term record is exceptional, so he has faith in it. The stock is trading close to its book value and the lowest in 7 years. He expects its coming quarter report to be strong, because their investments like BlackBerry have moved up a lot. (Analysts’ price target is $756.20)
insurance
DON'T BUY
DON'T BUY
April 8, 2019
You had a sharp move in 2015 and it has been flat since and is at the lower end of that range since. It is heading to the 2010 level of $300 during the next recession. He likes the company and management but there is more downside than upside due to market conditions.
You had a sharp move in 2015 and it has been flat since and is at the lower end of that range since. It is heading to the 2010 level of $300 during the next recession. He likes the company and management but there is more downside than upside due to market conditions.
insurance
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$609.960
Unknown
PAST TOP PICK
PAST TOP PICK
March 19, 2019
(A Top Pick Jan 24/19, Down 1%) It's a hedgy stock. He likes it as a longer-term trade. The chart shows big swings. It bottoms around $600 and believes it can top $700, as it has in the past. His target is $700.
(A Top Pick Jan 24/19, Down 1%) It's a hedgy stock. He likes it as a longer-term trade. The chart shows big swings. It bottoms around $600 and believes it can top $700, as it has in the past. His target is $700.
insurance
DON'T BUY
DON'T BUY
March 15, 2019
Prem Watsa can do not wrong. This has been built on the backs of the financial sector over the years. However, he owns Fairfax India. As a long term strategy he prefers Fairfax India. Currency wise, anything in Asia should do well. Growth potential in Asian financials should be exponential over the next few years. Better growth market with the India play.
Prem Watsa can do not wrong. This has been built on the backs of the financial sector over the years. However, he owns Fairfax India. As a long term strategy he prefers Fairfax India. Currency wise, anything in Asia should do well. Growth potential in Asian financials should be exponential over the next few years. Better growth market with the India play.
insurance
TOP PICK
TOP PICK
February 5, 2019
Their core P&C insurance business has improved in recent years. They now have a lot of cash. You're betting on Prem Watsa's investing acumen who will put that capital to work. Trading close to book value for the first time in six years. (Analysts’ price target is $748.46)
Their core P&C insurance business has improved in recent years. They now have a lot of cash. You're betting on Prem Watsa's investing acumen who will put that capital to work. Trading close to book value for the first time in six years. (Analysts’ price target is $748.46)
insurance
DON'T BUY
DON'T BUY
February 1, 2019
Problem is we don't know what Prem's doing until he does it. Some things work, and some don't. Has always had difficulty figuring out what's going on with this company. It's supposed to be an insurance company, but it's not really. You're buying Prem, if you buy the company. He likes Prem, but if they can't value the company, they can't own it.
Problem is we don't know what Prem's doing until he does it. Some things work, and some don't. Has always had difficulty figuring out what's going on with this company. It's supposed to be an insurance company, but it's not really. You're buying Prem, if you buy the company. He likes Prem, but if they can't value the company, they can't own it.
insurance
COMMENT
COMMENT
January 25, 2019
He owns a lot of their debt. But he'd rather invest in Warren Buffet than Prem Watsa. WB is a better buyer/investor overall.
He owns a lot of their debt. But he'd rather invest in Warren Buffet than Prem Watsa. WB is a better buyer/investor overall.
insurance
PAST TOP PICK
PAST TOP PICK
January 24, 2019
(A Top Pick Nov 01/18, Up 0.4%) Insurance. Very much like a mutual fund. Trading in a pattern. He is comfortable with it. He thinks they will be out at the $700.
(A Top Pick Nov 01/18, Up 0.4%) Insurance. Very much like a mutual fund. Trading in a pattern. He is comfortable with it. He thinks they will be out at the $700.
insurance
TOP PICK
TOP PICK
January 24, 2019
He is looking for a rebound. Total rhythm to the stock. Interestingly diversified company. (Analysts’ price target is $749.72)
He is looking for a rebound. Total rhythm to the stock. Interestingly diversified company. (Analysts’ price target is $749.72)
insurance
DON'T BUY
DON'T BUY
January 22, 2019
Will it break out of the trading range of $5.50-7.70? You're buying Prem Watsa when you buy this. Prem has done some brilliant things, and other things that weren't. He's not Warren Buffett, though. He's not attracted to the underlying businesses.
Will it break out of the trading range of $5.50-7.70? You're buying Prem Watsa when you buy this. Prem has done some brilliant things, and other things that weren't. He's not Warren Buffett, though. He's not attracted to the underlying businesses.
insurance
DON'T BUY
DON'T BUY
December 28, 2018
An insurance company that makes its money on the cash holdings of premium payers. It is a tough company to financially analyze and earnings can be lumpy. Sales and earnings were down. They have not been free cash flow positive over the past four quarters.
An insurance company that makes its money on the cash holdings of premium payers. It is a tough company to financially analyze and earnings can be lumpy. Sales and earnings were down. They have not been free cash flow positive over the past four quarters.
insurance
COMMENT
COMMENT
December 7, 2018
Been stuck in a trading range the past five years: Buy or wait? In 2008, FFH made a lot of money shorting the market, and in the past year he's taken off those shorts and sold all his bonds till he's sitting in cash. Not a good strategy. The combined ratios in their insurance business is high vs. peers. Prem Watsa has been successful buying bad insurance companies and turning them around, but has been successful only sometimes. That said, he likes the future of FFH--as they allocate their cash.
Been stuck in a trading range the past five years: Buy or wait? In 2008, FFH made a lot of money shorting the market, and in the past year he's taken off those shorts and sold all his bonds till he's sitting in cash. Not a good strategy. The combined ratios in their insurance business is high vs. peers. Prem Watsa has been successful buying bad insurance companies and turning them around, but has been successful only sometimes. That said, he likes the future of FFH--as they allocate their cash.
insurance
TOP PICK
TOP PICK
November 1, 2018
The stock is very range bound. He thinks it will go back to the high $700 and that is a good trade. Good company. Well managed. Dividend Yield 2.0%. (Analysts’ price target is $769.94)
The stock is very range bound. He thinks it will go back to the high $700 and that is a good trade. Good company. Well managed. Dividend Yield 2.0%. (Analysts’ price target is $769.94)
insurance
BUY WEAKNESS
BUY WEAKNESS
October 23, 2018
Financial investments can do well in a raising interest rate environment. He likes Pram Watsa. He would look closely at the valuation. He likes the theme.
Financial investments can do well in a raising interest rate environment. He likes Pram Watsa. He would look closely at the valuation. He likes the theme.
insurance
PAST TOP PICK
PAST TOP PICK
October 1, 2018
(Past Top Pick Sept.29, 2017, Up 8%) They sold their majority stake in their Asian insurance business. It does suffer lumpy earnings, but they write profitable insurance. Made a big purchase in Allied World last year. Some of their investments, like the Toronto Star, may or may not work out, but Prem Watsa is a smart guy. He continues to like this.
(Past Top Pick Sept.29, 2017, Up 8%) They sold their majority stake in their Asian insurance business. It does suffer lumpy earnings, but they write profitable insurance. Made a big purchase in Allied World last year. Some of their investments, like the Toronto Star, may or may not work out, but Prem Watsa is a smart guy. He continues to like this.
insurance
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