Evening folks,
Two analysts reviewed ION in the Sunday rag today. They semed to have have most facts correct - 7.4% + imp cred. and similar (circa) number PE plus some operating details. They were a bit confused on some issues; e.g. saying ION has an aggressive/high (can't remember the exact words) but said they expected a fairly flat outlook. Anyhow they can up with a hold/accumulate recommendation with the weight on hold.
They must have insto clients wanting to accumulate because one wonders why they would not recommend ION as a buy if they expected at least flat earnings when the yield is 7.4% + imp cr. Anyhow make of it as you will, analysts being analysts it is surprising they didn't come up with a sell recommendation.
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