Coronavirus panic is the main reason. Red almost everywhere. I am considering getting some more as the fundamentals for IFN are unlikely to be impacted by the disease even at Pandemic levels. It to me is a defensive stock. It does not greatly rely on making things in China. It has mainly automatic operation and supplies an essential service.
Population effects are unlikely to be material. Energy use may drop a bit if people are quarantined in large numbers but communications, data, government and commercial energy use are likely to be similar. The low input costs remain the same and interest rates are likely to stay down or drop in the next 1-2 years. If industry slows it may have some impact but that is not likely.
IFN Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
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