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Fairfax India Holdings Corp T.FIH.U

Alternate Symbol(s):  FFXDF

Fairfax India Holdings Corporation is a Canada-based investment holding company. The Company's investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India. The Company makes all or substantially all of its investments either directly or through one of its wholly owned consolidated subsidiaries based in Mauritius, FIH Mauritius Investments Ltd (FIH Mauritius), and FIH Private Investments Ltd (FIH Private). The Company, through its subsidiaries, holds investment in the Bangalore International Airport Limited, Sanmar Chemicals Group, Seven Islands Shipping Limited, Maxop Engineering Company Private Limited, Jaynix Engineering Private Limited, and more. The Company's portfolio manager is Hamblin Watsa Investment Counsel Ltd.


TSX:FIH.U - Post by User

Comment by ICUMD14on Sep 13, 2021 9:40am
215 Views
Post# 33847842

RE:RE:RE:RE:RE:RE:With a Book Value of 20.21USD, This is seriously Undervalued

RE:RE:RE:RE:RE:RE:With a Book Value of 20.21USD, This is seriously UndervaluedEnjoyed reading your story. I certainly don't have all the answers on Fairfax India, but I think the best is yet to come. A couple of facts: 1. Iifl group of companies is on a tear, having increased 30-60% in the last 6 months 2. Anchorage will likely IPO by the end of the year, probably in the next month IMO. This will mark to market the airport. Its current valuation is a huge discount to it's true value. I believe the market is impairing this asset due to Covid. Once ridership resumes, growth will be explosive. 3. Demographics: India has the best demographics for young people, growing middle class and the largest democracy in the world. Focus on book value growth. Eps is not a good measure since returns are more lumpy and not reflective of it's underlying business performance. In regards to the disconnect between trading price and book value- It's possible BV will hit high 20s or even 30 in the next 6 mo to a year. Even if the gap stays the same, trading price will need to rise at some point. In many ways, this is a value investors dream. It comes down to patience. As I see it, the party is about to start, it's just on Indian standard time.
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