I have to thank @madamswer for highlighting the great opportunity IGL presented when it bid for and won the Ovato business out of administration.
As madamswer posted there is good money to be made out of old businesses that are well run and virtually 'last man standing' which in the case of IGL is true.
And given the business is run by Geoff Selig, who has a founder mentality I was even more motivated to put in some of my hard earned capital.
It just so happens that many of these small to mid size businesses just do not get on the radar, virtually hidden, yet they are very strong and generate good returns.
I will be keeping my eye on the EPS improvement and try to separate the EPS improvement due to the Ovato acquisition and what is happening in the underlying business. I will also be looking critically at Lassoo as IGL has invested a fair bit on it.
Cheers.......D
IGL Price at posting:
$2.22 Sentiment: Buy Disclosure: Held
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