FXJ 0.00% 66.0¢ fairfax media limited

Worth buying for the split?, page-2

  1. 150 Posts.
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    I believed the arbitrage lies in the pre-split.

    Domain market cap was projected to be 1.7-2.3B( around 3 to 4 a share) inlcuding the TPG bid.

    Without going into the math, you can see the spin-off has the same market cap as FXJ if not bigger.

    Theres a margin of safety owning FXJ to get the Dom shares but I wont hold FXJ as far as a long term investment is concerned.


    Find the right spot to buy in and sell, you might be able to own domain for 1 dollar a share at cost.
 
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