Prem Watsa is a millionaire Indian-Canadian businessman. Fairfax Financial Holdings is his company, and he is the founder, chairman, and CEO. BlackBerry Limited and General Electric Company are among the firms in which Fairfax has an interest. BlackBerry Limited accounts for 13.69 percent of Fairfax’s portfolio with 46.72 million shares. Between 2010 and 2011, Watsa began increasing his BlackBerry shareholding. Fairfax’s asset portfolio has increased in value over the last three years, from $64.4 billion in December 2018. In Q1 2021, Fairfax posted GAAP EPS of $28.91, beating consensus forecasts by $4.66. Pfizer Inc. reported $14.6 billion in revenue for the second quarter of 2021, up 42 percent from the previous quarter. Merck’s sBLA was recently authorized by the FDA as a first-line treatment for gastric cancer. Johnson & Johnson’s financial results for the first quarter of 2021 were better than predicted. The corporation recorded a 5% increase in revenue, bringing the total to $12.5 billion. Goldman Sachs’ Terence Flynn has upgraded the stock to “Conviction Buy.”
Insider Monkey highlights the best stocks to buy in 2021 according to billionaire Prem Watsa: RealPage, Inc. is a multinational firm based in the United States that specializes in property management software. In the first quarter of 2021, Fairfax purchased 8,000 shares of ReaPage. RealPage and Whitesky have teamed up to leverage Whitesky’s network, data center operations, and resident experience centers. CRH Medical Corporation is a healthcare company that sells cutting-edge medical technology to doctors. In the first quarter of 2021, Fairfax purchased 270,000 shares of CRH Medical. According to billionaire Prem Watsa, the stock is ranked 17th among the finest stocks to purchase in 2021. In Q4 2020, the company reported a 21% rise in revenue to $36.8 million. In the first quarter of 2021, Fairfax reduced its holdings in the stock by 35% to 66,000 shares. According to billionaire Prem Watsa, the stock is among the finest companies to purchase in 2021. In the United States, U.S. Silica Holdings, Inc. produces and sells commercial silica. In the first quarter of 2021, Fairfax reduced its holdings in the stock by 63 percent to 130,000 shares. According to billionaire Prem Watsa, the stock is ranked 15th among the finest stocks to purchase in 2021. The IMAX Corporation is a multinational entertainment corporation. In Q1 2021, Fairfax increased its holdings in the stock by 39% to 125,000 shares. The power production and renewable energy industries benefit from Argan’s procurement, engineering, commissioning, construction, and consultancy services. In the first quarter of 2021, Fairfax increased its holdings in the stock by 43 percent to 60,000 shares. From $5.2 million in Q1 2020 to $22.1 million in Q1 2021, gross earnings climbed 319 percent to $22.1 million. For more details, click Best Stocks to Buy in 2021 According to Billionaire Prem Watsa.