tag:blogger.com,1999:blog-5053696831021533705.post3639601311318816729..comments2023-10-06T05:36:43.560-07:00Comments on insurance stock investor: Is it possible Fairfax Financial might have raised their CDS bet?Tarn P Crowehttp://www.blogger.com/profile/07248914584759973598noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5053696831021533705.post-19693980286330850142008-02-21T15:41:00.000-08:002008-02-21T15:41:00.000-08:00hi oldyeit would be interesting to find out what t...hi oldye<BR/><BR/>it would be interesting to find out what they added to but what a<BR/>great result for Fairfax...wow!<BR/><BR/>it certainly made up for HCC which was a bit disappointing, but all my investments are long term in nature. Even if wall st has a short term mindset. Fairfax is a much bigger investment for me at this time than HCC in any case.Tarn P Crowehttps://www.blogger.com/profile/07248914584759973598noreply@blogger.comtag:blogger.com,1999:blog-5053696831021533705.post-88725108576280978802008-02-21T14:18:00.000-08:002008-02-21T14:18:00.000-08:00looks like you were right after all! From the rep...looks like you were right after all! <BR/>From the report: including 2008 purchases of $2.2 billion notional amount of credit default swaps for $62.1 million. <BR/><BR/>Damn, it feels good to be a gangster , I mean shareholder ;0oldyehttps://www.blogger.com/profile/07271770683892329125noreply@blogger.comtag:blogger.com,1999:blog-5053696831021533705.post-80308673683283613622008-02-15T18:33:00.000-08:002008-02-15T18:33:00.000-08:00thanks for your observations oldye, I'm looking fo...thanks for your observations oldye, I'm looking forward to the report alsoTarn P Crowehttps://www.blogger.com/profile/07248914584759973598noreply@blogger.comtag:blogger.com,1999:blog-5053696831021533705.post-80282080366630488012008-02-14T13:31:00.000-08:002008-02-14T13:31:00.000-08:00I wouldn't bet on it.FFH CDS position at the begin...I wouldn't bet on it.<BR/><BR/>FFH CDS position at the begining of 07, had about 13 billion in notional value and the market price was about 70 million dollars(Their cost was somewhere around 300 million). They the went on to add another 5 billion in notional value sometime early in 2007, My bet is that it cost them somewhere around 35 million. As of Q3 the market value was around 1 billion dollars! If they added, it would have to of been sometime after that, with prices probably being 6-12x higher than what they initially paid. They also trimmed some of their CDS position as of Q3. I don't think its likely but we'll find out on Feb 22. I know I have the date marked!oldyehttps://www.blogger.com/profile/07271770683892329125noreply@blogger.com