Goodness me, did nobody read the MB special report on “shrinkflation“? Embarrassed sell side is analysts are today scrambling to update models and predicting imminent lifts in housing listings for Flaccidfax.
UBS chopped its valuation to 80 cents from a$1:
The bulk of FXJ’s value is comprised of Domain. Despite short-term listings headwinds, we are positive on the long-term growth outlook for the Domain digital assets given: i) Yield growth on existing listings, ii) % growth in depth products, iii) growth in developer / media revenues, and iv) growth in new states.
