Canadian billionaire Prem Watsa says Fairfax will focus on internal growth at key insurance business

Canadian billionaire Prem Watsa told shareholders of Fairfax Financial Holdings Ltd on Thursday that the company will focus on internal growth at its key insurance business and step up efforts to boost its stock price by focusing on investment returns.

He said Fairfax was de-emphasizing acquisition-driven growth, but assured shareholders that would not limit the company’s overall performance.Watsa nonetheless defended some of Fairfax’s core holdings, which include BlackBerry Ltd and Greek lender Eurobank Ergasias SA, and told shareholders to be patient and ignore the short-term stock market fluctuations and focus on the long-term performance.

globebusiness Carl Reiner called. He wants his DNA back.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Nova Scotia keeping its focus on key markets, CEO tells shareholders85% of Scotiabank’s earnings come from Canada, the U.S., Mexico, Peru, Chile and Colombia
Source: nationalpost - 🏆 10. / 80 Read more »

Five things to watch for in the Canadian business world this weekFrom marijuana statistics to housing start data, we'll be learning more about some popular pillars of the Canadian economy this week.
Source: CTVNews - 🏆 1. / 99 Read more »

Saudi Arabia says May will be key to decide on extending oil supply cutsSaudi Arabia says May will be key to decide on extending oil supply cuts GlobeBusiness globebusiness Tell this man to shove his oil.
Source: globeandmail - 🏆 5. / 92 Read more »