Do the Fairfax Financial contrarians have their bull market in value?
    
    
      
    
  

  
    
        One of Canada's best-known
value investors
        is Prem Watsa,
        CEO of insurer Fairfax
Financial Holdings.
        He is most recently known
for his bet
        on Toys R Us in Canada in
2018.
        However, the past few
years have
        not been kind to value
investors
        as low interest rates lit
a fire under
        pricey growth Technology
stocks
        such as Facebook and
Amazon.
        Fairfax Financial stock is
down
        about 30% over the past
five years,
        but things may be looking
up.
        Inflation expectations are
rising
        along with long-term bond
yields.
        That is making value
investments
        more attractive as
        investors search for cheap
companies
        in a rising rate
environment.
        That along with a
potential COVID-19 vaccine
        could help boost the value
        of Fairfax Financials'
investments
        in areas such as
restaurants and travel.
        Rising rates could also
help boost
        Fairfax Financials'
interest
        and dividend income.
        Fairfax insiders are
keeping with
        their contrarian character
and are
        continuing to buy their
own shares.
        The stock is still off its
52-week high,
        but it has moved above
        its 200-day moving
average.
        Times may be changing for
the better for
        this Canadian Insider
Index member.
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CanadianInsider.com.
        This report is not
        a recommendation to buy or
sell securities.