The case for buying IFL at present over other similiar financial stocks is in the Value paradigm. The Growth paradigm would be a wager on the acquisitional potential of which IFL management has a fairly 50/50 shady history of. The management itself has a pretty aggressive and acquisitional disposition which I would argue historically is a net capital cost rather than of net capital output to shareholders. The margins are very small on IFL so what's needed for the company to surpass competition by leveraging of its huge capital base would be to improve margin and organic growth, which is why the management claims "synergies" are coming etc.
When we see large insider purchases of the stock (and admittedly, renato has purcahsed a bit), I think we may possibly have a sign of pending news of success of management's claimed "synergies" and a shift in momentum. I would argue there is weak (at best) upside momentum at present with IFL.
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