investing in IOOF is not so much about what is now as what will be in the future. Investing in IOOF now - yes, it is worth no more than $4 per share. But with this acquisition and if board can align this big deal with the rest of the business you’re looking at five to ten times mentioned price in three- five years time depending on how good a job they’ll do. If they cannot manage to align MLC with the rest of the business, they will be worth the same as they are today. So the bet on IFL is not about survival, as survive they will. In this case it is about if they will thrive or not, and that is what investing in this company is about.
IFL Price at posting:
$3.42 Sentiment: None Disclosure: Held
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