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  5. FFH: Hello Team, Which of these two would you prefer for total return going forward and why? [Fairfax Financial Holdings Limited Subordinate Voting Shares]
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Investment Q&A

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Q: Hello Team,
Which of these two would you prefer for total return going forward and why?
Thank You,
Barry
Asked by Barry on April 16, 2025
5i Research Answer:

We would be fine with either, but would prefer POW. It is cheaper on valuation, and also has a solid operating business. FFH does as well (insurance) but much of its investor sentiment revolves around its ability to do M&A deals. This can make earnings more volatile (when it monetizes a transaction, earnings rise). POW also has a much higher dividend and is outperforming currently.