Alan Kohler from ABC's Inside Business, speaks to Investment Director Anton Tagliaferro on IAG's rejection of the QBE merger proposal and on the market generally (Sunday 25 May 2008)
The IML Adviser Briefing series for 2008 held over February and March in all mainland capital cities, came in the midst of very gloomy news from the US and its unfolding sub-prime crisis from latter part of 2007.
Paying a dollar for assets with a replacement value of two dollars has always been a low risk approach to making money on the sharemarket and one favoured by IML over the years. These opportunities often arise when the companies operating these assets are experiencing a dip in their earnings which prove to be temporary in nature.
IML recently added Fairfax Media Ltd (FXJ) to its large cap portfolios. Fairfax publishes newspapers and magazines in Australia, New Zealand and the USA, as well as operating leading online businesses and metropolitan radio stations. Key brands owned by FXJ include newspapers such as; The Sydney Morning Herald, The Age and The Australian Financial Review and online businesses RSVP.com.au, Domain.com.au, trademe.co.nz and radio stations including 2UE and 3AW.
