No. of Recommendations: 10
Just to point out that Fairfax has dropped back to a price very close to the level it had at market close on Dec 5, the day that S&P announced that FFH would be included in the S&P/TSX60, the index of 60 of the biggest companies based in Canada. The Canadian $ share price closed at $2321 that day, and closed at $2431 on the next trading day, and has been as high as $2700 since then, but for some reason it has plunged back down to $2410 in the last few days.
I think they will have blowout earnings when they report in mid-February (probably on Feb 12). At $2410, they are at 1.51x book and at 8.4x trailing earnings, which seems an attractive price.
Regards, DTB
