FFXDF - At A 32% Discount Fairfax India's Arbitrage Opportunity Can Be Exploited By Investors
Fairfax India Holdings Corporation (FFXDF) recently announced that shareholder equity, or book value, was up 24% for fiscal year 2019 from $13.53 to $16.89. The stock has continued to trade at a discount to the recent shareholder reports. Since the report was compiled on 12/31/19, the public stocks that Fairfax India owns have appreciated by $190 million. This increase means that today's book value of $16.89 is under reported by $1.37, representing a significant value opportunity for investors.
Due to Fairfax's ownership of a large number of public stocks, one can approach Fairfax India like