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Bankersfate, just realized I ignored your question about DTV!! Didn't mean to, I'm sorrry

I owned DTV prior to merger. The T merger for DTV is an interesting arb, but I haven't tracked it closely since I sold out DTV... I didn't want to just hang on and change my thesis into an arb...

Regarding Fairfax, yeah, I think Q1 was a good chance to lighten up or reduce completely if it wasn't a high confidence position. There were a few pops around the Brit merger deal that seemed like panic buying without a real rationale. Fairfax continues to bet on deflation and market panics and while they will do ok if those things don't come to pass, I think they are drawing a line in the sand and betting enough money that the more optimistic will be inclined to move on when they can sell at good prices.

As an update to this thread, I did start adding back NICK last week and this week... built the position back smaller though.
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