Grant White - BNN - Top Pick Fairfax (FFH TSX)
We favor Fairfax for its strong underwriting performance, which has consistently outpaced peers, and its enhanced earnings potential due to higher interest rates. Additionally, Fairfax’s investments in non-insurance subsidiaries offer promising growth opportunities. Despite a critical short-seller report from Muddy Waters, we found Fairfax undervalued and took advantage of the temporary dip in its stock price. With its recovery and continued positive momentum, we believe Fairfax is well-positioned for sustained earnings growth over the next five years and we believe strongly that we are getting a great price right now.
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