FXJ 0.00% 66.0¢ fairfax media limited

Big blockage today, I stand in the view there is potentially...

  1. 577 Posts.
    Big blockage today, I stand in the view there is potentially more upside to this hence brought more today.

    The amount of shorts is not justified, fxj is currently self sustaining and with 2 cents fully franked we are looking at about 5% return which is not the best in the market but a reason to hold. I cannot see this getting smacked around anytime soon. 

    Charlie Atkins wrote a good article on structural and cyclical stocks, while the doomsayers are saying fxj is structural and shorted to a point that's it's the 2nd most shorted stock in the asx. I'm on the side that it's cyclical yes a 4 year trough cycle. CA believes that the difference between structural and cyclical is 100%.

    Sek, crz, rea are at all time highs, admittedly fxj is more 2nd tier when compare to them, but have potential. With the recent loosen media regulations there's alot of upside IMO, but obviously dyor.
 
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