Fairfax buys Zenith

FAIRFAX FINANCIAL HOLDINGS $373.55 (Toronto symbol FFH: SI Rating: Average) (416-367-2612; www.fairfax.ca; Shares outstanding: 19.4 million; Market cap: $7.2 billion; Dividend yield: 2.7%) plans to buy the 91.7% of Zenith National Insurance Corp. (New York symbol ZNT) that it doesn’t already own for $1.4 billion… Read More

These two will gain from rising markets

FAIRFAX FINANCIAL HOLDINGS $367.70 (Toronto symbol FFH: SI Rating: Average) (416-367-2612; www.fairfax.ca; Shares outstanding: 19.4 million; Market cap: $7.1 billion; Dividend yield: 2.7%) is a financial-services holding company with $29.8 billion of assets. Aside from managing investments, Fairfax sells insurance and reinsurance. Prem Watsa is… Read More

The Stock Pickers Digest Hotline – Friday, September 11, 2009

FAIRFAX FINANCIAL HOLDINGS, $371.00, symbol FFH on Toronto, 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… Read More

Long-term trends should feed their growth

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… Read More

What to Do With Northbridge

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… Read More

Here’s our Pick of the Month for January, 2009

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… Read More