Platinum, I'm talking about the further recent drop which is as a direct result of the US correction, just like every other stock on the market. I'm fully aware the SP is due to the poor performance and further DCB contract issue, but there gets a point with every stock where they are worth buying.
IMS is not the same company it was when it was making losses at 2c on turnover of around $5 mil. It's now 3.3c so you tell me when you think it's cheap.
The US has riser 44% over the last 12 months with only 2.5% coming off as of yesterday, plus todays so there may be a a lot more to go with Aussie stocks coming on sale.
The Aussie market has only risen 12% but the correction has hit us hard, and disproportionally higher than the US.
Terry McCrann recons this is the correction which is necessary and it's not a 1987 or a 2008 drop given how incredibly strong the US job numbers are and their growth. Lets hope he's right and we have a big discount store in a week or so if you've got a set.
IMS Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
