Fairfax Financial Holdings Ltd FRFXF

BNN Note

[retiredcf]

Come on in, the water’s fine: Fairfax Financial had the most profitable year ever in its history. Earnings at Fairfax Financial for the fourth quarter also came in significantly higher driven by gains in its investment portfolio. This comes just a week after short-seller Muddy Waters said Fairfax is overstating the value of some of its assets, which Fairfax pushed back on, calling the allegations “false and misleading.” The conference call is underway right now and I am listening for questions. Muddy Waters posted on X yesterday saying they are still short the stock and they have questions for the management today. Most of them are around clearer disclosure about investments and loans made to Fairfax portfolio companies. Haven’t got to the Q&A portion of the call as I write this, but tune in to BNN Bloomberg for all the insight and analysis. National Bank’s Jaeme Gloyn, who is the most bullish analyst on the street with a $2,000/share price target, is taking comfort in the results saying the results “will support upside in the shares near term.”

[Mephistopheles3]

Note that you can listen to the replay of the conference call, but it's by phone, not webcast as they are old school.  Can find some funny tweetes on Muddy Waters X page, they looked a bit unhinged as the call was going on.  Apparently when Carson finally got on with management, he sounded like a bozo and Prem dealt with him.  Will listen to the call later to judge for myself