Fairfax Financial Holdings Ltd FRFGF

good interview on cnbc this am

[CarsT1]

serious allegations on ffh about their financial accounting - essentially report states the carrying value of underperforming investments are overstated. the premium assigned to book vaslue therefore means share price should come down over 20% at least from present value.

[retiredcf]

Given that you've never posted on this BB before, it's pretty safe to assume that you are not a shareholder. With no skin in the game, it's not surprising that you offer up support to a short seller.  GLTA

[rad10]

Thanks for "muddying the waters" What a great opportunity to get more of this incredible compounding stock.

[Tapcet]

Yeah, maybe Muddy Waters shorted a while ago and got caught in a squeeze. Now Block is forced to come out swinging to push FFH down to a level where MW can afford to cover it's position.

[WorldSX]

FFH and shareholders should sue Muddy Waters for defamation once cleared of this report. 

[rad10]

1st amendment they can say what they want.  The interview is weak though.  Cosy relationship with PwC and 2 children with seats on the board are inconvenient facts.  These issues are good to bring up.  I love shorts......  just given me an opportunity to buy more. The company is in blackout, lots of retail sitting on capital gains - likely to fold.  Earnings are due

[mouserman]

You mean like the big banks allowed to value their underwater Treasury bonds at par to what they paid , instead of what they could sell them for? I bet Muddy Waters wouldnt attempt shorting  BAC.....with a short and distort technique.... FFH likely is underwater on those same treasuries...Most the banks that were buying them when the interest rate was near 0 , are down, if they didnt take the

[caretired1]

As one analyst said on BNN today, this is a smash and grab....

[rad10]

  feels like deja vu all over again.  I hope they close that short position before earnings. Didn't Steve Cohen attempt this unsuccessfully a few years ago? book value is always subject to interpretation.  Earnings are harder to massage.  They are so screwed.  Maybe they took the 12% and closed already.