Thomas Cook is now a holding company for all investments of Fairfax in this region. The premium for a holding company is low (ie discount from intrinsic value is higher than normal). How much value is added to the stock of Thom Cook after the IPO of Quess is anybody's guess as details are not available. I feel that we should wait and watch the developments before coming to any firm conclusion about moving out of the stock.
Subscribe To Our Free Newsletter |