While immigration is tighten to bring down inflation and costs of living, no governments would be dumb enough to stop international students entirely. We’re about to turn the corner as the economy is getting rough, inflation and interest rates are dropping. It won’t get much worse than this.
It’s entirely possible IEL may drop further but at 3.5 and came down from 40 (2021) and 10+ (last few months), downside is insignificant and not worthy the risk of missing out. Now would be a good time for suitors to come knocking. My question is at what price the board would start talking (price that they feel acceptable to shareholders).
IEL Price at posting:
$3.59 Sentiment: Buy Disclosure: Held
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