Globe and Mail article on Intrinsic Value including FIH.UInteresting article in G+M today.
https://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/nine-canadian-financial-stocks-that-hold-value/article36535269/ Essentially, along the lines of our discussion-looking at Intrisic value
They use a TRI Model-starmine intricsic value-percentile ranking-with financials coming in most favorable, and FFH and FIH at the top of the list.
From the article:
“What did we find? The screen yields nine companies, and just as in last month's screen, CIBC is the only one of the Big 5 banks to pass.
Also passing the screen are Fairfax India Holdings, as well as its parent company Fairfax Financial Holdings. Fairfax Financial is engaged primarily in property and casualty insurance, reinsurance., and investment management worldwide. It has identified markets such as Singapore and India as priorities for growth. It also has non-financial holdings in developed markets too, for example, Canada's Sporting Life.
Fairfax India Holdings invests in businesses – both public and private – that benefit from India's growing middle class and the pro-business political environment supported by Prime Minister Narendra Modi. This summer the company announced the acquisition of a further 10 per cent of Bangalore International Airport, bringing its total stake to 48 per cent. RBC Capital Markets and Cormark have Fairfax India rated as "outperform" and "buy" respectively, both with a price target more than 12 per cent above its current level.”