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Fairfax Financial Holdings Limited Message Board

  • bee_plus_001 bee_plus_001 Aug 19, 2009 9:33 AM Flag

    FFH - Major additions thru June and impact on portfolio

    DELL 2.98 % impact - Avg cost $11.8 - Cur price $14.43 - 34.7 mill shares
    GE 1.8 % impact - Avg cost $12.7 - Cur price $13.59 - 18.3 mill shares

    Others : From prev quarters (Q1 2009):
    WFC 5.43 % impact - Avg cost $15.6 - Cur price $26.34 - 20 mill shares
    USB 2.98 % impact - Avg cost $14.6 - Cur price $21.51 - 15.8 mill shares
    Has BNI, INTC, KFT, USG, ICO, MGA, JNJ etc that has impact ranging from 0.5% thru 3 %

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    • >> GE 1.8 % impact - Avg cost $12.7 - Cur price $13.59 - 18.3 mill shares

      Anybody wants to express opinion about GE? I spent some time looking at them. One interesting thing, on a conference call GE was saying that their default rate on credit cards was not that bad. One could almost feel analysts not believing them. And now, we have got a confirmation from Target. Their credit card business is doing better than expected.

      • 1 Reply to raybiglow
      • Agreed. I bought some LEAPS on GE. CEO lost credibility with analysts as he said NO to dividend cuts and cut dividends... Credit card should do OK.

        But, GE has huge operation in China, India etc. Also NBC & CNBC seems to be doing OK. GE medical seems to be healthy too. Wish they split this to 2 companies. But over the long haul (2 years), GE should be able to return 100% compared to the current stock price.

        Book Value 10.5, Cash per share - 4.5.. So, I don't see the big risk (in terms of GE not being able to manage thru). Couple of years from now, people would be kicking themselves for not investing here. Also, Dividend should be back to decent level and would be worth holding for the long haul.

        The only reason for my option purchase is because it was cheap way to borrow money and in all probabilities, I would be exercising the options when I see dividend going up or by Jan 2011. I am planning to hold GE for the long haul.

 
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