Investment Q&A

Q: Can you contrast the business models of INtact financial and Fairfax financial holdings and discuss valuation and which uoid prefer thanks? Why such a large PE discount for fair fax? Why have both somewhat underperformed of late but done well longterm?

Q: What's your thought on this Co. with what's going on in the world , especially in Mid-East. With the current price in the middle of 52 w. high/ Lo, what would be a good entry point. Thank You

Q: No guarantees of course but base on your historical perspective could you provide a short list of 3 each US and Canadian companies that “most likely” would do a stock split in the near future?

Q: Hi Group in what order highest risk first please. (particularly worried tech stocks) and where we go from here??... buy, sell, hold..) plse give me you thought on sectors at most risk going fwd

Q: Please comment on Fairfax earnings. Thanks

Q: AGT Food and Ingredients was bought by FFH back in 2019, but has now announced it's intention to do an IPO. Why would FFH decide to let this go public just as relations with India seem to be thawing, opening up a huge market for AGT?

Q: Given the age of Prem Watsa, does Fairfax have a detailed succession plan? Is anyone being groomed? What do you feel the impact on the company would be if something happened to Prem? The P/E seems quite low at 7.83. Is this a relatively safe entry point? What do you see as the biggest concerns with this company?

Thanks

Q: I am considering adding an insurance company. Do you think the insurance sector will do well in the next 5 years and which would be your favourite company? A short explanation of your choice would be appreciated.

Q: Do you consider all of these companies to be core holdings? Of the ones you consider to be core holdings, please rank them (highest first) and give some explanation for your choices. Much appreciated. ram

Q: Fairfax Financial is down 14 percent YtD and it trades at a very low P/E around 8. What would stop you from making this a core holding when much of the market seems expensive?

Q: Hi Group looking at selling FFH+ GSY+BYD ( While I still have some profits in BYD and FFH...GSY seems like dead money down 20% and use funds to start positions in CLS And GDXJ Both would would be in my TSFA) what do you think? looking for Max growth in my TSFA...Also what would your top 3 picks be using this same criteria ....PS am 74 years old

Q: Fairfax along with many other insurers have been dropping in price. Could the reason be due to the anticipated decline in interest rates in the months to come. Would you consider the recent recent in the share price of FFH an opportunity to buy?
Thank you.

Q: i own above shares can you rate the top 6 regardless of sector in order of preference so i can add to them based on you top picks from the group also list your top 6 picks in order of preference as well please

Q: FFH is down about 5 % today on a downgrade to neutral from BMO- Any thoughts on whether this a buy, sell or a hold

Q: I realize that shareholders of record on 15 January will receive the annual dividend of US$15.00 per share. That said, any reason for the stock to fall C$134.00 the following day? The Canadian dollar is weak but c'mon now.

Thanks as always.

Q: After a quiet year, P&C Insurance stocks are showing some buyers' interest, over past 2 months. We sold IFC and FFH positions, late last year. Do you think, the sector is showing some strength and it is a good time to re enter ?

If Yes, what would be your preferred route- Fairfax or Intact and why ?

In my personal view, Fairfax stock has shown remarkable resilience vis-a-vis Intact and Co is more diversified, with several interesting investments like Foran mining, Orla mining etc and potential for more similar investments. ( They sold their position in Eurobank ).

Thank You

Q: Fairfax Financial is up about 100% in two years. I see that Orla Mining Ltd. is 29.6% of the FFH portfolio, and is up about 350% in two years. Can you calculate how FFH would have performed without OLA in the portfolio?

Q: Hello gentlemen: I am looking for companies to top up such that their current PE is near or within its last 10 years average. Which of the above is your Most prefer to least. Feel free to add a few more that isn't mentioned above.
Can you name a few US ones , say 4-5 companies. Thank you

Q: EPS growth seems to be unpredictable due to the lumpiness of investment returns, and weather catastrophes. In the 2024 annual report Watsa uses Book Value per share compounding at 18.7% per year for the past 39 years and common stock price compounding at 19.2% (including dividends) as the main performance measure. Buffet suggests predictability of earnings as essential when buying a stock. Yahoo finance used to predict EPS growth 5 years out. While predicting EPS 5 years out is perhaps doable with confidence for KO, for FFH not so much. Clearly over 39 years FFH has done fabulous regardless of EPS lumpiness, but I have held this stock for over 10 years and all of the appreciation has come in the last 5 years or less. I want to buy more FFH, however I am concerned over another flat 5 years. Do you think the focus of the companies investing and underwriting strategy has changed enough to avoid 5 years of dead money? If you had to predict EPS growth for FFH over the next 5 years, what would that % growth be? Would you be comfortable buying at current prices for a 3-5 year hold? Thank you. John

Q: want to raise some cash(tech breaking down technically) in what order would you sell the above listed stocks bearing some are winners and some are losers so what your recommendation sell winners or losers first without getting in to too much specifics. CSU as an example sell now to claim loss or then buy back after 30 days FFH on the other hand is up 60% so sell now and hope to buy back later at lower price. what would you do? Remember i want to raise cash so how would you approach this rebalancing ...thanks for your help