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Fairfax Financial (FFH-T) opinion on 2018-06-12

Last Price Recorded: 759.2800 on 2018-06-20

ON STOCKCHASE SINCE Oct 2000

insurance
insurance
DON'T BUY

David Baskin
Fairfax Financial was $749.410 at time of opinion
Owned : No

Prem Watsa is often described as the Warren Buffett of Canada. He is opportunistic, not afraid of taking risk. Some of his bets have not worked so well but many have. Insurance companies make money in two ways: core earnings from underwriting, and the investment returns from premiums. Warren Buffett initiated a different approach for investing insurance premiums. Rather than putting it into very safe, but low-yielding, bonds, he invested in stocks. Watsa follows this model and Fairfax has benefitted. The recent rises in interest rates are also very positive for all insurance companies because all of them still buy long-term assets. Fairfax has done nothing for investors for a long while, but he is proposing a top pick in the insurance industry today, and believes that the category has promise.

UNKNOWN

All opinions for FFH-T (319)

57 BUY
6 BUY on WEAKNESS
50 COMMENT
93 DON'T BUY
22 HOLD
20 PAST TOP PICK
6 SELL
7 STRONG BUY
34 TOP PICK
4 VAGUE
4 WAIT
6 WATCH
10 WEAK BUY
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All opinions for FFH-T (319)

57 BUY
6 BUY on WEAKNESS
50 COMMENT
93 DON'T BUY
22 HOLD
20 PAST TOP PICK
6 SELL
7 STRONG BUY
34 TOP PICK
4 VAGUE
4 WAIT
6 WATCH
10 WEAK BUY
View All

More experts covering FFH-T

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Add FFH-T to Watch List

Last 60 Days Opinions

TOP PICK
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4 weeks ago
TOP PICK
1 month ago
COMMENT
1 month ago

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