Previous guy was John Fellet. He was a big fan of Buffet.
I used to enjoy reading his letters to shareholders - very useful from an educational perspective.
Before he left the job, I remember he added more 'skin in the game' by purchasing...10,000 shares! About NZ$22K worth. When you are clearing about $27K a week, it just makes that kind of purchase look silly.
I am currently 'on the table' with Sky @ an average purchase price of $1.06 per share (implied Market Cap of approx $463M). I own quite a few shares now as I tend to favour the Charlie Munger consolidated approach to investing. Let's hope Sky can navigate their way through this unchartered territory without me suffering a permanent loss of capital!
SKT Price at posting:
25.0¢ Sentiment: None Disclosure: Held
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