Our interview with Geoff Wilson will appear in our next issue, but as usual it provided a great deal of (investment colour).
Right now, for example he is selling Carsales and buying Fairfax.
“In the short-term we believe Fairfax will do well. We’ve done a study of companies that have put up a pay wall in the US and how they have performed. Normally there is a short-term re-rating. Fairfax is improving its focus on its digital assets, and this is part of that.”
On the other hand, with Carsales, it's trading at 25 times on peak cycle earnings (car sales were bigger than ever before last year).
More to come in the issue.