Author Topic: Prem Buying - WoW!  (Read 4432 times)

Xerxes

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Re: Prem Buying - WoW!
« Reply #10 on: June 17, 2020, 07:21:26 AM »
Not to over analyze this, but:

Can we make the statement that of all the investments that Prem has done either personally or through FFH in the past decade, this one has a high chance of success with risk-reward tilted toward the upside and with good margin of safety, I.e  a classical  B Graham deep value type, in a world where that framework seem antiquated.

Maybe bank of Ireland come close. Though that was before I was following FFH so I wouldn’t know much of it.

Atlas/Seaspan I see that more as a growth investment and not Grahamiah type.


My Own Personal Hedge Fun

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Re: Prem Buying - WoW!
« Reply #11 on: June 17, 2020, 11:55:08 AM »
I entered a limit order to sell my Fairfax position at $370, just in case the price popped next day on this news.

Looks like I'm still holding. For now.

Debating if I'm holding just to get back to even, or because there is some actual value in the company and management.

Parsad

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Re: Prem Buying - WoW!
« Reply #12 on: June 17, 2020, 02:38:50 PM »
I entered a limit order to sell my Fairfax position at $370, just in case the price popped next day on this news.

Looks like I'm still holding. For now.

Debating if I'm holding just to get back to even, or because there is some actual value in the company and management.

If you didn't know when you bought, you might want to figure it out.  Cheers!
No man is a failure who has friends!

ValueMaven

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Re: Prem Buying - WoW!
« Reply #13 on: June 19, 2020, 08:30:47 AM »
Question: roughly how cheap was FFH trading when Prem bought? price to tangible BV?  price to normalized earnings?

Parsad

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Re: Prem Buying - WoW!
« Reply #14 on: June 20, 2020, 12:03:43 AM »
Question: roughly how cheap was FFH trading when Prem bought? price to tangible BV?  price to normalized earnings?


It looks like he bought at an average cost of $308 USD roughly or about $420-425 CDN per share.  It says he bought in the last few days before the press release...I would imagine it was around the 9th, 10th, 11th and 12th, where the stock was around $425 CDN or less and volumes rose.  If he is buying there, then I would imagine he is expecting a return of better than 15% annualized or more over the next few years.  Cheers!
No man is a failure who has friends!