FAIRHOLME FUNDS, INC. ANNOUNCES SHAREHOLDER CONFERENCE CALLFairholme Funds, Inc. will host a shareholder conference call Monday, May 9, 2011 at 11:00 a.m. EST. You may access the conference call beginning at 10:45 a.m. Phone Number: 1-877-270-4101 (U.S.) or 1-720-398-0058 (International) Conference ID: 64872632
Will BB be announcing his resignation?
For some reason, many owning this fund don't understand it.1. This fund is a hedge fund without the 20% hit2. Furthermore, it is a 'value' fund3. The essence of such a fund is to take unpopular but shrewd positions4. Sears, FL Real Estate & financials are unpopular on Wall St.5. So no big shock that Bruce likes them6. Other shrewd investors also see worth here7. So, If this sort of thing doesn't make sense to you, try an index fund
He will explain his thoughts