Fairfax pay a divi due to the fact they make real money and the cash they declare is actually cash on balance sheet. The guys involved in Big have form, not only from the toilet days but even more recently misleading investors in the previous form this conmkany was in before it rebranded. Thinking fidelity are buying FXJ to “gut them” firstly shows no understanding of the industry and the purpose of fund managers, but more importantly shows how investor psychology is so important to making and losing money. To have lost money because you have been misled is no fault of your own , but to continue to ignore the multitude of issues and talk about FXJs demise shows an extreme level of ignorance or stupidity or perhaps both.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Not Held
