Yep IFN just bleeds every day. This time last uear SP was $1.50. I guess anyone with such a high dept to earnings ration gets hammered after the GFC. They fell out of favour when they decided to keep US assets. They should have sold, paid off debts and concentrated on Aust. However their excuse is that USA is good income.
God I should have sold last year. I bought when it was BBW for 1.60, think how I feel, down 70%!
Still I think as soon as the Govt, get their ETS/Carbon crap together we will see green companies get a big boost. I have GDY (Hot rocks) and they are going just as badly! Cheers DaveJ
IFN Price at posting:
64.0¢ Sentiment: LT Buy Disclosure: Held
