IDL is a great stock that has done wonderful things for those that have bought in the passed 18 months but lets not get ahead of ourselves here. The company has EPS of 4c going forward, and although it is growing at a heafty pace, does it warrant a P/E of 25 or 30+x?? Maybe, but probably not. It just doesnt have the runs on the board to warrant such a high rating in the market. Im not dissing the company in any way shape or form. I think it is a fantastic business, but I do think that it will more than likely consolidate around the 70c level, or even pull back a little. I think the story stacks up long term, but short term I'd be taking profits and buying back in at cheaper levels.
IDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
