First stock in the clip; he and his family also own it personally. GLTA
Brett Girard's Top Picks Brett Girard, chief financial officer and portfolio manager at Liberty International Investment Management, discusses his top picks: Fairfax, TC Energy, and Danaher.
https://www.bnnbloomberg.ca/video/brett-girard-s-top-picks~2806588
Fairfax Financial Holdings (FFH TSX) Fairfax continues to enjoy two strong tailwinds: strong sales growth and profitability in the insurance division and increased interest income thanks to short duration fixed income investment portfolio. With Price-to-book still <1x while most competitors are 1.5x, there is room for valuation to catch up to the peer set. TOP PICK
Fairfax Financial(FFH-T)
13/11/2023
A higher for longer trade. Insurance markets are getting sales growth, and on top of that reinvesting premiums at the highest part of the interest rate curve. Doing exceptionally well from interest income, and very nice to have in your portfolio to offset higher rates. Yield is 1.08%.
Trading at a historical price-to-book discount. Over the next couple of years, a great opportunity for the stock to do well.
(Analysts’ price target is $1516.38)
Insurance
Brett Girard
$1240.35
Owned