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Prem Watsa
Prem Watsa is one of the most respected investors in the world and I always enjoy his shareholder letters.  Fairfax Financial has dramatically improved the quality of its insurance operating businesses but the financial results have been obscured by huge losses on equity and CPI hedges.  Watsa is a firm believer that the global economy...
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The saga regarding BlackBerry (BBRY) is still in its early stages after the hiring of John Chen as CEO.  Today marks an important step as the company wrote down a great deal of inventory and intangible assets and the company is beginning to look forward.  Finally, the decision was made to outsource hardware manufacturing, which...
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Below is a link to our most recent article BlackBerry Workout Strategy 101.  In this article we discuss our belief that value investor Prem Watsa of Fairfax Financial understands that the breakup value of BlackBerry is likely greater than the Enterprise Value being paid for the company, and we believe that the company should be...
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I’m not surprised to see that Prem Watsa’s Fairfax Financial (FRFHF) has made a bid for Blackberry (BBRY) at $9.00 per share in cash.  Fairfax owns roughly 10% of the company and by taking the company private, I’d expect to see Fairfax monetize the patent portfolio and focus on the Enterprise and Government businesses, while...
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Fairfax Financial CEO Prem Watsa doubled down on his investment in Research in Motion (RIMM).  Now he owns 9.9% of the company.  Very few investors can compete with Watsa’s astounding investment track record and this investment in RIMM is substantial.  I do not believe he would make this bet just believing the company is likely...
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While value investing is practiced by a small minority of market participants, even fewer understand, or have the patience to see it through.  Many people think it is as simple as buying a stock that is cheap, and then it goes up from there, typically within a few months to a year.  Sometimes investments do...
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Today I was able to read over the most recent shareholder’s letter from Prem Watsa, CEO of Fairfax Financial.  This is a company that is often under the radar for many U.S. investors, but Watsa is known as “The Warren Buffett of Canada.”  Watsa operates a similar business where he invests using insurance float and...
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