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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Graham Osborn who wrote (60380)	2/13/2018 8:46:09 PM
From: Spekulatius	1 Recommendation Recommended By Jurgis Bekepuris Read Replies (2) \| Respond to of 78732

i think you analysis regarding Fairfax is a bit off. FFH has $4.9B in debt through the subs and the holding company, plus $1.33B in preferred, offset partially with $1.46B in holding company cash - this is all relative to a consolidated capital base of $17.4B. It’s a bit more than the ~20% or less of the capital base, I like to see, but not much. i am guessing you are counting the insurance liabilities, but those are just in the nature of the business, offset by more or less by liquid assets and do count as debt (similar to deposits of banks not counting as debt).