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Thanks Jono for pointing out the hidden expenses of FXF..the "management fees" make this stock look like a listed BT fund! I doubt it would qualify as a "foolish" investment. Interesting that the Fin review Tues 2nd May gives details of the restructured new offer...it's going to tie in exactly with the price of the fairfax holding. Based on the Fin Review article I calculate the ratio to be 6.78 ie FXF price/6.78 = FXF price...interesting that FXF is now trading pretty close to this ratio ie no consideration whatsoever for value of the other spec holdings or any future tech growth.

One wonders how the Packers are going to sell the high management fees to the next FXF Shareholders meeting...particularly the one FXF management is paying to themselves, just for being "good guys's" and holding Fairfax stock!
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