MENU

The Fairfax Media Limited share price dropped a further 3%

The Fairfax Media Limited (ASX: FXJ) share price fell by 3.01% today to a 2018 low of $0.64.

The media company has been on a steady decline since the start of the new year, but the decline of its Domain Holdings Australia Limited (ASX: DHG) holding has fallen significantly.

The Domain share price has fallen from $3.69 to today’s $2.90. Domain’s CEO leaving caused uncertainty and the lack of an instant replacement could see it fall further behind REA Group Limited (ASX: REA) in terms of strategy and market position.

Most of Fairfax’s other media assets face stagnant or declining earnings, which is why Domain’s earnings and share price are so key to Fairfax’s future.

Fairfax is currently trading at 12x FY18’s estimated earnings with a trailing grossed-up dividend yield of 8.86%.

The Richest Man Alive Invests in This

The richest man in the world has just launched a $100 million investment fund and investors who don't take note could miss out on a massive opportunity.

And it isn't by sheer luck. He did it by looking to the future and investing in the big ideas of tomorrow.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.