Author Topic: Fairholme/Berkowitz  (Read 166172 times)

mankap

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Re: Fairholme/Berkowitz
« Reply #20 on: April 26, 2012, 03:15:41 AM »
Probably it is redemptions that are forcing him to sell.


mpauls

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Re: Fairholme/Berkowitz
« Reply #21 on: April 26, 2012, 12:36:54 PM »
q1 13f indicates nothing but selling by berkowitz...

note that berkowitz sold over 6% brk, looks like his overall brk holdings are down to approx 2%, he doesn't seem to believe that brk is significantly undervalued at the moment.....

is he building cash or could he be buying in europe?

regards
rijk

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It's hard to argue that Berkshire isn't undervalued.  The question is always, are there better opportunities available?  If you know what to look for, the answer is yes, but if you are a pension fund you should probably only hold Berkshire. 
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txlaw

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Re: Fairholme/Berkowitz
« Reply #22 on: April 28, 2012, 08:57:21 AM »
http://www.bloomberg.com/video/91561018/

Odd conclusion at the end, as one might expect from a financial news TV network.  "Berkowitz thinks financial have run their course, at least in the near term . . . " (paraphrase)

BargainValueHunter

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Re: Fairholme/Berkowitz
« Reply #23 on: April 29, 2012, 11:49:30 AM »
http://www.bloomberg.com/video/91561018/

Odd conclusion at the end, as one might expect from a financial news TV network.  "Berkowitz thinks financial have run their course, at least in the near term . . . " (paraphrase)

*SIGH*

I miss the old Bloomberg TV before it became CNBCized.
Albert Einstein called compound interest "the greatest mathematical discovery of all time".

treasurehunt

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Re: Fairholme/Berkowitz
« Reply #24 on: May 15, 2012, 04:11:42 PM »
Fairholme has filed their 13F for the last quarter: http://www.sec.gov/Archives/edgar/data/1056831/000105683112000002/submission.txt

Positions in AIG, BAC, CIT, LUK, MBIA, SHLD and JOE stock have changed little.

Berkshire has been cut significantly.

BAC warrants have gone up from 8.5 million to 9.8 million.

AIG stock and warrants were almost 40% of the portfolio as of 3/31. BAC and SHLD add up to another 28%.

Berkowitz is definitely sticking to his guns!

berkshiremystery

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Re: Fairholme/Berkowitz
« Reply #25 on: July 14, 2012, 03:04:43 PM »
Bruce Berkowitz of Fairholme Funds posted a new slide show on July 10th.
Enjoy!

Fairholme Stays The Course
2012-07-10
http://www.fairholmefunds.com/pdf/071012-FairholmeStaysTheCourse.pdf

JRH

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Re: Fairholme/Berkowitz
« Reply #26 on: August 02, 2012, 12:26:46 PM »
Not sure when it was posted but the newest semi-annual letter is available:

http://fairholmefunds.com/sites/default/files/2012%20Semi-Annual%20Report%20Letter.pdf

No huge changes.  Nice table of prospective returns on the TARP warrants assuming book value appreciation and market/book convergence by warrant expiration.  His spreadsheet must look very similar to mine! :)

AIG is 38% of FAIRX.  Can't say that I'm quite that concentrated in AIG...
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berkshiremystery

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Re: Fairholme/Berkowitz
« Reply #27 on: August 07, 2012, 11:31:09 PM »

BargainValueHunter

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Re: Fairholme/Berkowitz
« Reply #28 on: October 30, 2012, 11:38:47 AM »
Fairholme 3rd Quarter moves...

http://community.nasdaq.com/News/2012-10/bruce-berkowitz-reduces-cit-and-aig-sticks-with-other-holdings-in-q3.aspx?storyid=185408#.UJAdwYVBEt4

Quote
"The facts are we bought companies after they turned. Their values, their book values, liquidate values, bad debt ratios, ROEs, ROAs, whatever you want to look at, were improving. The fundamentals, the facts. AIG, Bank of America, CIT - all of the financials that we've invested in"
Albert Einstein called compound interest "the greatest mathematical discovery of all time".

fareastwarriors

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Re: Fairholme/Berkowitz
« Reply #29 on: October 30, 2012, 02:05:41 PM »
http://wealthtrack.com/previous_10-12-2012.php

I know it was posted before elsewhere but I thought I post it here in case others haven't seen it yet.

For those interested, Berkowitz interview on Wealthtrack.