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Fairfax Financial Holdings (FFH.TO) is drawing significant attention as it is considered a top candidate for inclusion in the TSX 60 index. CIBC's index specialist noted that FFH.TO could bring close to 1 million shares of demand, approximately 15 times its 30-day average daily volume. Tidefall Capital has added FFH.TO to its BEST IDEAS list, citing a 43% year-to-date return and potential for further upside. Additionally, FFH.TO is expected to gain a new 4% shareholder who buys stock monthly, contributing to its growing book value, which is increasing by over 15% annually. Investors are advised to wait for a reasonable P/B multiple, which based on comparisons, is north of 2x, to sell for a premium to intrinsic value.
$FFH.TO will be adding a new ~4% shareholder that buys stock every month and doesn’t care about price while book value is growing 15%+ every year. The hardest part will be to not sell on a spike and wait for a reasonable P/B multiple which based on comps is north of 2x. https://t.co/oplIbLvJ9I
CIBC's index specialist now thinks $FFH.TO $FRFHF is #1 in queue for inclusion in the TSX 60, bringing "close to 1mm shares of demand" "~15x its 30-day average daily volume." Maybe we'll eventually get to sell to index investors at a big premium to intrinsic value. Sorry grandma! https://t.co/y3JiccATtY
"We are formalizing our high conviction on $ffh.to by adding it to our BEST IDEAS list. Despite a 43% YTD return, we still think there is significant upside to FFH fundamentally and see momentum building on a potential TSX60 addition."
