Author Topic: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?  (Read 91121 times)

giofranchi

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FFH is already 30% of my firmís portfolio. If it closes below $380 today, I will buy more at the opening tomorrow!
Ok, it will not get to 50% anytime soon, but whenever Mr. Market gives me the opportunity to increase my business with Mr. Watsa, I want to always jump at it! :)

Cheers!

giofranchi
Portfolio: AAPL, AMZN, BABA, BOSS, BRK.B, FB, FFH, FIH.U, FINX, FWONA, GOOG, IBB, JPM, LBRDA, MKL, NKE, QQQ, SFTBF, SMH, TCEHY, V, XBI, XT


beerbaron

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #1 on: June 26, 2013, 08:13:43 AM »
Giofranchi, be carefull BV will likely do down in Q2 because of their bond portfolio. FFH marks most of their bonds to market (held for trading bonds are MTM). I can foresee some repricing of FFH this quarter.

BeerBaron

Alekbaylee

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #2 on: June 26, 2013, 08:17:14 AM »
Giofranchi, be carefull BV will likely do down in Q2 because of their bond portfolio. FFH marks most of their bonds to market (held for trading bonds are MTM). I can foresee some repricing of FFH this quarter.

BeerBaron

Right. And I'd guess they'll likely take a hit from Alberta floodings and, to a lesser extent, the European ones.

fareastwarriors

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #3 on: June 26, 2013, 08:17:58 AM »
I hope it goes down some so I can buy in at even better prices.

 ;D

obtuse_investor

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #4 on: June 26, 2013, 08:18:50 AM »
Same here-- my bids are ready and waiting.
Value Investor who manages his personal portfolio with a 25-45 year time horizon | @obtuse_investor

giofranchi

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #5 on: June 26, 2013, 08:28:58 AM »
Giofranchi, be carefull BV will likely do down in Q2 because of their bond portfolio. FFH marks most of their bonds to market (held for trading bonds are MTM). I can foresee some repricing of FFH this quarter.

BeerBaron

Címon, beerbaron! Thatís exactly Mr. Marketís thesisÖ There is always a reason why Mr. Market gives you an opportunity!
And a repricing is never easy to foreseeÖ What you can and do know with FFH is the price you pay and the value you get!
Let a repricing unfold: I will average down gladly! ;)

giofranchi
Portfolio: AAPL, AMZN, BABA, BOSS, BRK.B, FB, FFH, FIH.U, FINX, FWONA, GOOG, IBB, JPM, LBRDA, MKL, NKE, QQQ, SFTBF, SMH, TCEHY, V, XBI, XT

beerbaron

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #6 on: June 26, 2013, 08:50:22 AM »
Giofranchi, be carefull BV will likely do down in Q2 because of their bond portfolio. FFH marks most of their bonds to market (held for trading bonds are MTM). I can foresee some repricing of FFH this quarter.

BeerBaron

Címon, beerbaron! Thatís exactly Mr. Marketís thesisÖ There is always a reason why Mr. Market gives you an opportunity!
And a repricing is never easy to foreseeÖ What you can and do know with FFH is the price you pay and the value you get!
Let a repricing unfold: I will average down gladly! ;)

giofranchi

It's not a thesis, the actual value of FFH went down with the bond portfolio. I like to anchor myself at a specific price/BV not a dollar value. I'll gladly buy a shipload at 90% of Q2 BV tough!

BeerBaron

giofranchi

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #7 on: June 26, 2013, 01:47:28 PM »
Giofranchi, be carefull BV will likely do down in Q2 because of their bond portfolio. FFH marks most of their bonds to market (held for trading bonds are MTM). I can foresee some repricing of FFH this quarter.

BeerBaron

Címon, beerbaron! Thatís exactly Mr. Marketís thesisÖ There is always a reason why Mr. Market gives you an opportunity!
And a repricing is never easy to foreseeÖ What you can and do know with FFH is the price you pay and the value you get!
Let a repricing unfold: I will average down gladly! ;)

giofranchi

It's not a thesis, the actual value of FFH went down with the bond portfolio. I like to anchor myself at a specific price/BV not a dollar value. I'll gladly buy a shipload at 90% of Q2 BV tough!

BeerBaron

The actual value of FFH will fluctuate a lot... Will go up and down... But I don't really care. What I care about is very simple: a company, that has increased BVPS at 20% annual for 26 years, has almost gone nowhere for 3 years now. And in the meantime it has done everything right. Someone believes they have made mistakes... But I disagree. I would have done exactely the same! And I don't think we will have to wait a lot more, to see BVPS increase very fast again. That's why I have no doubt that any price below $380 is great value!

giofranchi
Portfolio: AAPL, AMZN, BABA, BOSS, BRK.B, FB, FFH, FIH.U, FINX, FWONA, GOOG, IBB, JPM, LBRDA, MKL, NKE, QQQ, SFTBF, SMH, TCEHY, V, XBI, XT

One World Trader

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #8 on: June 26, 2013, 05:40:49 PM »
Let's not get greedy here, to quote WEB and CM, "I would rather buy a wonderful company at a fair price than a fair company at a wonderful price."  ;D

longinvestor

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Re: Hey, Mr. Market! Do I really have to make FFH 50% of my portfolio?
« Reply #9 on: June 26, 2013, 07:39:57 PM »
I expect that there will be a stock buy back. Prem was asked a question about this and gave a non-answer in his typical way when asked about what he is buying, selling etc.

I read that as "yes, it is coming". Surely as they hedged against a market decline, they are also prepared to buy back as "all boats fall"