OTCPK:TOUBF - Post by User
Comment by
gossincon Jun 21, 2011 9:50pm
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Post# 18747634
RE: Don't lose heart
RE: Don't lose heartfairfax financial dropped from $600 to $77 (maybe lower) after NY shorts/hedgefunds even suggested that Prem Watsa had defrauded his church. Personal attacks come next for TRE execs..
Just await lower prices. The stock will rebound in time. No firm wants to stand firm in the risk scenario. When all this passes, RBC is going to look good in my view.
Was I mad this morning when I bought around 10:15 @ $2 range and then saw it got to $ 1.29 during my meeting. Bummer.
Oh well.............never have been able to get bottom prices although I did load my kids resp in fairfax at $100 and sold later well over $300.
The media picks up only the bad. The reports clearing TRE will get little coverage. We will need a dividend, large earnings growth, stock buy back etc to get the price rolling higher.
Patience.