sdev

No audio or transcript of the AGM?

While I won't argue that the business will not grow / contract in the future, because it likely will - what is concerning is the equity investment strategy over the past 10 years has been a disaster, select large portfolio holdings are homerun swings without a clear strategy, and the forward equity strategy is a mixed bag of investments without any clear investor advantage other than, it's cheap. The age old strategy is to be the best at your part of the world. I personally am guilty (perhaps very guilty) of thinking that my investable universe is larger than it should be. In my opinion Fairfax could do with an overhaul (read: narrowing) of how they deploy equity capital - as it's possible to buy "cheap" assets in any market, in any vertical - with patience and best in class platform / skills for the niche. As my underwriting box thankfully narrows over time - Fairfax falls outside my criteria, and I'll be peeling off my 10+ year holdings over time, with remorse.

What's up with BEP post earnings?

I have it - battery is fine and the phone is super fast. Highly recommend it.

Time to start talking about the bonds? Anybody do any hard due diligence on their assets? I'm just not sure who would be the buyer of those assets other than Apache - big oil definitely won't touch it. Any ideas how this will play out?

Admittedly surprised after reading about the features. If it doesn't turn out to be a bug-fest when it launches, I might find myself rooting for the underdog in this tablet space.

Yammer raised money at a $500m valuation in February...

you are correct sir I can just imagine a fictitious war room at Yammer: #1 "Crap! The IPO window is shut!" #2 "Are there any private bids out there?" #1 "All we can find is Microsoft" #2 "What's their bid?" #1 "$1B" #2 "WHAT?? SOLD!!" That being said I'm just poking fun and I'm sure those involved on both sides are far smarter than I.

haha, probably them topticking the social media scene by buying Yammer.

Interesting, thanks Plan!

A great time to nibble on some shares. :P

I actually believed JPM that it was just a hedge against their portfolio - never trust a bank!

wow.