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


To: ETF1 who wrote (1996)10/1/2014 5:59:28 PM
From: ETF1  Read Replies (1) | Respond to of 26587
 
My new estimate. I now believe the Fairholme Fund will close down today a minimum of -8%, and very possibly closer to -8.8% .

Unfortunately Morningstar doesn't give the ticker symbols to a number of the preferred shares of Fannie and Freddie that the Fairholme Fund owns. And of course we only know the most recently disclosed portfolio, not any changes made since then.

The results are in. -9.6%. Ouch. Very glad I don't own it.