i hope everyone thinks like antibotter - would love to buy more fxj for 20% discount. cashing in on TME is a great move. higher cashflow from profits (less interests expense). they have staggered the sale of TME nicely - would have been "foolish" in hindsight to sell out all of TME at 2.06 or at the float of it. No doubt nobody can pick turning points, so i expect TME to power ahead to make higher highs. but a profit is a profit. I actually emailed fxj management with suggestion of strategic online acquisitions and got back an email saying it will be forwarded to the executives. good to see they are receptive. I just hope they dont overpay these "IT consultants" to give bad advice buying overpriced useless online assets as APN did buying brandsexclusive for >$20m.
sometimes (i would argue this would be the ideal time with global uncertainty) sitting tight improving existing businesses is best - we should not go out on a shopping spree now that debt is down to 200m
FXJ Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
