Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1928)	9/21/2014 2:07:52 PM
From: Brian Sullivan	1 Recommendation Recommended By Kirk © Read Replies (2) \| Respond to of 26583

I'm curious about what site you used to get 49%. He is including the AIG warrants that the fund holds as well. FAIRX is taking an extreme bet of AIG and the funds returns pretty much mirror AIG's returns. I just take a 1-2% position and spread things around. I typically look for low forward PE ratios with decent to good expected future EPS growth. I picked up AER recently (AIG recently sold their airplane leasing business to AEG), but AIG still retains a large stake in AER as a result of this sale. I also own AL which is also in the leasing business. I was looking into LVS this morning as it has corrected down quite a bit but has a nice yield and good future growth prospects with its Asian casinos. No position in LVS. I only bought FNSR after it reported its first disappointing earnings on 6/17 but after this last report its future earnings are coming down making it not look so good as a growth stock. The new buys in the Airline leasing sector are taking up some of the growth allocation in my portfolio so I had to trim some growth stocks that didn't make the cut. I added AIG to my larger value side, where I hold quite a few money center banks.

To: Kirk © who wrote (1928)	9/21/2014 2:35:33 PM
From: ETF1	Read Replies (1) \| Respond to of 26583

I'm curious about what site you used to get 49%. Is there a site that updates the holdings with current prices? Kirk, I added Fairholme's investment in the common stock to Fairholme's investment in AIG warrants. With respect to "Is there a site that updates the holdings", I believe that the best one can do would be thru the SEC website, as mutual funds have to file their holdings with the SEC, I believe semiannually, and that report is publicly available online. Certainly getting the holdings from Morningstar is much more convenient. Not sure how much time delay there is between the required report showing up on the SEC website and the new portfolio showing up on Morningstar. Another idea to get a fund's new portfolio the fastest way might be to call the fund management company itself, which could potentially make it available soon after filing with the SEC. For FAIRX, that would be Fairholme Capital Management.