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


To: Freedom Fighter who wrote (6338)3/21/1999 11:30:00 AM
From: D.M.  Read Replies (1) | Respond to of 78481
 
Wayne

I get updates from time to time from a co-worker who owns some shares. From what he tells me, and from a little research I have done, it looks like a good long term investment.

The company keeps its' capital for purchases and investments, and will never waste it by paying dividends. They also feel the markets are over - valued, so have taken much of their investments out of the market and purchased some puts on the S&P, so when the market corrects, their shareholders will be protected.

Their Canadian profits were hurt last year due to the ice storm that hit Eastern Ontario and Quebec.

As I said I haven't researched this company in detail, but I believe that Fairfax is a good company to invest in. Any information you have come across in your research would be greatly appreciated.

Regards

Doug