I agree with you, that in current economic conditions this is priced correctly. However, I always think of possible correct pricing two years out, knowing that most will catch on a year before realisation, and I just want to get in a bit earlier than the rest. I think ifl will be worth $8 in two years time but momentum might take it there earlier. worth mentioning, I do consider ioof a speculative buy though, however, I’m a rather conservative and definitely a boring investor that rather a 100 chance of a 10% gain than a 10 % chance of a 100% gain.
IFL Price at posting:
$3.50 Sentiment: Buy Disclosure: Held
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