I'm not entirely sure why though. I know people were hoping for a bigger dividend but they have affirmed full-year guidance for 10-15% growth in earnings, and it's the second half that has been the stronger for IDL.
Personally I feel this has been way oversold on small volumes and probably offers a good buying opportunity... but I haven't been a holder for long so I don't know the stock very well yet, and I'm not prepared to back my judgement. I'll just watch and wait.
Can anyone see anything else to explain the bad reaction? It looks a pretty solid result to me.
IDL Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
