Fairfax is the ideal competitor for REA Group

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Fairfax is the ideal competitor for REA Group. Tim Samway from Hyperion Asset Management says they used recent weakness in the REA share price to add to their existing position. They were right on our numbers, they confirmed the long term trend. A lot of the metrics they use that we look at were all up. With 70% of real estate traffic only use the REA website and $50million allocated to advertising over the next 12 months Samway expects REA to maintain its strong growth trajectory. In terms of upside he says the stock could double over the course of the next 5 years. When questioned on Fairfax, Samway says they are an ideal competitor because they are weak and they keep the ACCC out. Access the video on the following link via Switzer. Includes excellent discussion on CRZ, REA, COH, NVT, TPN: (VIEW LINK)


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