Professional
Added to YB: 2024-02-08
Pitch date: 2024-02-08
FFH.TO [bearish]
Fairfax Financial Holdings Limited
-101.34%
current return
Author Info
Muddy Waters Research is a short seller that peels back the layers, often built up by seemingly respected but sycophantic law firms, auditors, and venal managements. Sign up for the newsletter.
Company Info
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.
Market Cap
CAD 36.4B
Pitch Price
CAD 1.2K
Price Target
N/A
Dividend
0.92%
EV/EBITDA
5.95
P/E
7.91
EV/Sales
1.20
Sector
Insurance
Category
special_situation
[SHORT] Fairfax Financial Holdings ($FFH.TO) - The GE of Canada
FFH.TO: Muddy Waters short - alleges manipulates asset values & income via accounting gimmicks; estimates true BV ~18% lower; likens to GE not BRK; sees gonzo financial engineering in '21-'22 to hit BVPS target & avoid insurance losses; flags questionable gains in Recipe, Quess, EXCO, Grivalia, RiverStone, Fairfax Africa, APR, Eurolife, Odyssey, Brit, GoDigit, IFRS17, Farmers Edge & Gulf deals.
Read full article (26 min)