Author Topic: Fairfax stock positions  (Read 43898 times)

gary17

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Re: Fairfax stock positions
« Reply #50 on: December 04, 2019, 08:11:48 AM »
SSW is doing well.
 8)


petec

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Re: Fairfax stock positions
« Reply #51 on: December 05, 2019, 10:06:29 AM »
SSW is doing well.
 8)

And I felt so smart (briefly) for lightening up at $11.50!

Thankfully I still have most of my position. Seaspan is the next Brookfield*. You heard it here first.

*This is a joke. Sort of.
FFH MSFT BRK BAM ATCO LNG IHG TFG

FFHWatcher

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Re: Fairfax stock positions
« Reply #52 on: December 06, 2019, 05:23:58 AM »
SSW is doing well.
 8)

And I felt so smart (briefly) for lightening up at $11.50!

Thankfully I still have most of my position. Seaspan is the next Brookfield*. You heard it here first.

*This is a joke. Sort of.

I heard it here 2nd...
   
ieb4
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i am not in disbelief, management has been saying for some time that they will be diversifying the business while at the same time maintaining dominance in container space and expanding there as well. was the Swiber deal not a hint that this was a path forward? also, it is not as if they are abandoning shipping (witness their two deals in last few months to expand fleet).
but it is clear they want a higher multiple for the stock, going the asset manager route is certainly one way if they execute and make smart, accretive acquisitions. i again point to brookfield asset management and brookfield infrastructure as entities for comparison (although brookfields are not maritime, more railroads, toll roads, data-center, communications etc)
definite fork in the road here...i'm choosing to stay the course and go with management's vision of future, not selling any shares and reinvesting all dividends.
good luck to all who sell.

petec

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Re: Fairfax stock positions
« Reply #53 on: December 06, 2019, 06:11:09 AM »
Ha - where’s that from?
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FFHWatcher

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Re: Fairfax stock positions
« Reply #54 on: December 06, 2019, 07:34:15 AM »
Ha - where’s that from?

It's from Seeking Alpha.  SA has quite a few SSW followers. J Mintzmyer is a contributor at SA and he seems to spend all or most of his time analyzing the shipping sector.  He seems to be a good resource and knows his stuff.

ValuePadawan

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Re: Fairfax stock positions
« Reply #55 on: December 06, 2019, 02:00:29 PM »
I like Mintzmyer I like his sector analysis but he seems to have a bit of man with a hammer syndrome and when he talks about Seaspan he doesn't see the value in the new direction the management team is taking.

steph

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Re: Fairfax stock positions
« Reply #56 on: December 09, 2019, 01:47:38 AM »
Thomas Cook was down 50% last week. Is that related to spin off of Guess?

petec

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Re: Fairfax stock positions
« Reply #57 on: December 09, 2019, 03:00:23 AM »
Thomas Cook was down 50% last week. Is that related to spin off of Guess?

Yes. Adjusted for that I believe it was actually up quite a bit, although I haven’t double checked that.
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steph

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Re: Fairfax stock positions
« Reply #58 on: December 09, 2019, 03:28:09 AM »
Thomas Cook was down 50% last week. Is that related to spin off of Guess?

Yes. Adjusted for that I believe it was actually up quite a bit, although I haven’t double checked that.

Thx! Momentum seems positive recently on some important positions

Viking

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Re: Fairfax stock positions
« Reply #59 on: December 11, 2019, 05:17:18 PM »
Here is an article discussing Quess demerger from Thomas Cook India (written Dec 5) and what TC India looks like moving forward.

After demerger of Quess Corp, the standalone business of Thomas Cook India looks interesting with a reasonable valuation- https://www.freepressjournal.in/business/thomas-cook-india-is-the-noise-hiding-an-undervalued-gem

“What exactly is happening with Thomas Cook India? Thomas Cook India holds about 50% stake in Quess Corp. In order to simplify the corporate structure, the management decided to demerge the company’s holding in Quess Corp. Essentially, shareholders of Thomas Cook will receive shares of Quess after about 2 weeks. The ratio, which was announced about a year ago, stands such that for every 100 shares of Thomas Cook, shareholders will receive 18.89 shares of Quess Corp.