Stocks

Fairfax financial announces 10% share buyback

On Sept 22 Fairfax Financial announced a 10% share buyback. Details here. As most of you know, in previous posts I’ve discussed why Fairfax is a great undervalued business. Currently the shares are trading at about 1.05 times Q2 2011 ending book valued of $358. If business for Fairfax just stays flat then the buyback plus the current dividend of…

Continue Reading

Stocks

Fairfax Q1 2011 Results – better than first blush

Fairfax Financial (FFH.TO, FRFHF.PK) reported Q1 2011 interim results on April 28, 2011. The press release can be found here. Below is the high level summary from the press release. Fairfax Financial Holdings Limited (TSX: FFH)(TSX: FFH.U) announces a net loss of $240.6 million in the first quarter of 2011 ($12.42 per diluted share) compared to net earnings of $418.4…

Continue Reading