Fairfax Financial Holding
Toronto symbol FFH, is a financial services holding company. Fairfax engages in insurance, reinsurance and investment management.
FAIRFAX FINANCIAL HOLDINGS $417.01 (Toronto symbol FFH: TSINetwork Rating: Average) (416-367-2612; www.fairfax.ca; Shares outstanding: 19.9 million; Market cap: $8.3 billion; Dividend yield: 2.4%) now owns 5.12% of Research in Motion, symbol RIM on Toronto. RIM is a recommendation of our Successful Investor newsletter.
RIM has appointed Thorsten Heins as its new chief executive officer and a director of the company. Previously, …read more »
MOSAID TECHNOLOGIES INC. $38.90 (Toronto symbol MSD; TSINetwork Rating: Extra Risk) (613-599-9539; www.mosaid.com; Shares outstanding: 12.1 million; Market cap: $466.2 million; Dividend yield: 2.6%) has rejected the $38-a-share, all-cash takeover offer from Wi-LAN Inc. (symbol WIN on Toronto) as too low. Mosaid mainly licenses patented computer chip and telecommunications technology, including patents for technology used in smartphones and laptops.
The company …read more »
ALIMENTATION COUCHE-TARD $23.22 (Toronto symbol ATD.B: SI Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 183.6 million; Market cap: $4.3 billion; Dividend yield: 0.7%) has dropped its $2-billion U.S. hostile takeover bid for Casey’s General Stores (symbol CASY on Nasdaq).
Couche-Tard allowed its tender offer for all of Casey’s shares to expire at 5:00 p.m. on September 30. Couche-Tard, which was offering …read more »
FAIRFAX FINANCIAL HOLDINGS $396.80 (Toronto symbol FFH: SI Rating: Average) (416-367-2612; www.fairfax.ca; Shares outstanding: 19.7 million; Market cap: $7.8 billion) plans to buy the 27.4% of Odyssey Re Holdings Corp. (New York symbol ORH) that it doesn’t already own for $960 million U.S.
Odyssey Re is a major worldwide underwriter of property and casualty reinsurance. Reinsurers sell insurance to insurance companies. …read more »
FAIRFAX FINANCIAL HOLDINGS $364.55 (Toronto symbol FFH: SI Rating: Average) (416-367- 2612; www.fairfax.ca; Shares outstanding: 16.8 million; Market cap: $6.1 billion) is a financial-services holding company with assets of $27.9 billion. Fairfax engages in insurance, reinsurance and investment management. Prem Watsa is the company’s chairman and founder. Fairfax trades at a high price, but you can buy an odd lot …read more »
NORTHBRIDGE FINANCIAL CORP. $38.80 (Toronto symbol NB; SI Rating: Speculative) (416-366-9544; no web site; Shares outstanding: 47.7 million; Market cap: $1.9 billion) jumped over 25% recently after Fairfax Financial Holdings, symbol FFH on Toronto announced that it will make an offer to acquire the shares of Northbridge it does not already own. Fairfax hopes to complete the transaction in the …read more »
FAIRFAX FINANCIAL HOLDINGS $360 (Toronto symbol FFH: SI Rating: Average) (416-367-2612; www.fairfax.ca; Shares outstanding: 16.9 million; Market cap: $6.1 billion) is a financial services holding company with assets of $27.9 billion. Fairfax engages in insurance, reinsurance and investment management. Prem Watsa is the chairman and founder of the company. Fairfax’s shares are high priced, but you can buy an odd …read more »
TORSTAR CORP. $22 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 78.5 million; Market cap: $1.7 billion; SI Rating: Above average) earned $0.20 a share (total $15.7 million) in the first quarter of 2007, nearly triple the $0.07 a share (total $5.9 million) it earned a year-earlier. However, the year-earlier earnings did include a $3.7 million (pre-tax) restructuring …read more »
