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

To: Paul Senior who wrote (61234)	9/20/2018 5:13:08 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78751

FFXDF. Fairfax India recently reported it has a $1.62 book value increase as a result of a transaction with one of its public holdings. That would make book value about $14.88 now (all else being constant from last reported book value of $13.26). Company says for them (mgmt) that's "our key performance measure". Book value may or may not have any relevance to where this stock should or will be trading. At least though, if management is to be believed, bv would be a good measure for investors to judge management's performance. I'm hoping that over time -- couple/three years -- management will increase book value through astute management of their portfolio of Indian stocks, helped along with an expected growth of India's economy (and Indian stocks therefrom.) I'm hoping stock price will at least keep pace with book value if/as book value increases. With FFXDF down again today to under $15/sh, I add a little to my few starting shares.