I believed the arbitrage lies in the pre-split. Domain market...

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.