Yes, 1/3 market cap lost since the presentation one month ago. Once the sellling stops, or when buyers overwhelm sellers, I can't think of an easier 10% than in IVA- at these levels, and if one catches the bottom. ;)
Q1 2013 was horrible for IVA. However, I see it positively moving forward- it has made loads of savings decisions- and had to, given it lost $100m this year! The big fish in IVA is Merlin, and it has *only* $345m start-up costs, which is a lot less capex than some other companies have. An old article that reminds of this prize:
