Washington Post didn’t disclose the price it is paying for Forney ......
Some how I get the feeling everyone keep saying I hate SPH. I am just more conservative that’s all.
Now that SPH after spinning off SPH REIT they will have roughly 500 mil to re-allocate, it begs the question what would management do?
The standard answer is they will bid and develop more malls and then pushing it to SPH REIT. ROA is around 3-4%
The other suggestion is to buy a media company. They say it is higher. My thoughts is why would they acquire more assets that have a grey future.
Personally, they could replicate SingPost’s capital allocation into new business.
The only thing that I don’t agree are going into complementary business (logistics in the case of SingPost)
This week we got a very interesting story.
Washington Post, owned vastly by Warren Buffett diversified into….. Boilers.
