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So 1 for 10 FXJ Means 230m shares in Domain (DHA) DHA worth...

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gungadin

2,055 Posts.

09/10/17

15:38

Post #: 27766353
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Originally posted by tr0p0nini ↑

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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So 1 for 10 FXJ
Means 230m shares in Domain (DHA)
DHA worth about $3b ??
FXJ to retain 60% of DHA....

interesting set of number if above correct. thoughts...?

FXJ Price at posting: 95.5¢ Sentiment: None Disclosure: Held
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