Michael Fritzell

Nice Information Service is the dominant credit score provider in South Korea, with a stable growing earnings stream (low double-digit growth), a single-digit PE ratio (~9-10), and a dividend yield of 5-6%. It trades at a third of FICO's multiple despite similar economics. Corporate governance improvements and insider buying support the stock.

Fairfax India Holdings owns an airport in Bangalore. It trades at attractive multiples (11 times PE, 8% yield) and provides exposure to Indian infrastructure at a discount. The holding company structure offers a play on India's growth with a margin of safety.