The appeal of these investments is a high and steady yield, rather than their growth opportunities. There's a high element of demand for these assets at the moment.
You've got a strong asset with monopoly-like characteristics that is not financially burdened with debt so it has a lot of flexibility to grow the business. There's definitely demand for an investment like this. If it's a good price, we'll certainly try and get a stake.
All traditional media is looking into new areas, trying to see whether they should grow through acquisitions. Fairfax is trying to grow the business at top price.
The earnings reports have spin offs for stocks globally. The U.S. economy is the cornerstone of global growth and aspects of it are worrying.
They have a clear mandate to grow their gaming business but they've also shown that they're not trigger-happy.